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Unveiling the Potential ofeClinical Solutions and Software Market in 2033

The Global Eclinical Solutions And Software Industry is set to undergo unprecedented expansion, projecting a staggering valuation of US$ 29.1 billion by the year 2033, a substantial surge from an estimated US$ 9.3 billion in 2023. The market, which exhibited robust growth with a Compound Annual Growth Rate (CAGR) of 10.6% between 2017 and 2022 (valued at US$ 8.4 billion in 2022), is poised for even greater heights with an impressive CAGR of 12.1% expected from 2023 to 2033.

This growth can be attributed to the surge in funding for clinical research and life sciences will enable the widespread usage of eClinical solutions and software which, in turn, will promote the overall market growth during the forecast period.

The expansion of research and development activities by biopharmaceutical and pharmaceutical businesses will prompt the use of eClinical solutions and software in various clinical trials which will foster growth for the market. This is primarily due to the fact that in order to address certain contemporary eClinical trial management needs, many businesses will require a comprehensive eClinical platform that will adapt to required needs. Hence, the prospects for the Global eClinical Solutions and Software Industry look bright in the upcoming years.

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With the surge in the amount of data produced via the clinical development process, the need for efficient tracking and evaluation of clinical data will also rise. As a result of this, the demand for eClinical solutions and software amplifies in clinical trials which, in turn, supplements the overall market growth. The eClinical solutions and software increase efficiency, lessen the expenditure, and errors like duplicate entry are avoided due to the use of eClinical technologies. This factor bodes well for the expansion of the Global eClinical Solutions and Software Industry size. Other factors that will aid the market growth are the progress witnessed in the life sciences field and the outsourcing of clinical trials to contract research organizations (CROs). All of these factors propel the Global eClinical Solutions and Software Industry forward during the projection period.

Key Takeaways:

High costs and constant maintenance expenditure will prevent the growth of the eClinical solutions and software market during the assessment period.
Based on the service, the clinical data management systems (CDMS) category will dominate the global market with an estimated share of 22.6% for 2023 and 2033.
By delivery mode, the web-hosted (on-demand) will lead the market with a share of 67.3%.
The eClinical solutions and software market in the US will hold about 39.3% of the market share in 2023 due to increasing product launches by key players.
China’s eClinical solutions and software market will expand at a strong CAGR of 8.7% owing to greater medical needs.
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Competitive Landscape

Oracle, Datatrak International, Inc., CRF Health, eClinicalWorks, Parexel International Corporation, Bioclinica, IBM Watson Health, and Anju Life Sciences Software, among others, are some of the dominant players in the Global eClinical Solutions and Software Industry profiled in the full version of the report.

In an intensely competitive environment, leading market players are concentrating on the swift adoption of advancing technology. These businesses employ various expansion strategies including mergers, collaborations, partnerships, and acquisitions, while also engaging in product development to enhance their market positions.

More Insights Into Global eClinical Solutions and Software Industry

In its latest report, FMI offers an unbiased and detailed analysis of the Global eClinical Solutions and Software Industry, providing historical data from 2017 to 2022 and forecast statistics for 2023 to 2033. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of solution, delivery mode, clinical trial, end-user, and region.

According to the same reports, based on segmentation, the CROs category will make substantial contributions to the overall market growth in terms of end-users. In terms of clinical trials, the phase III segment will account for 46.7% of the global market share in 2023.

Based on region, the Global eClinical Solutions and Software Industry will present strong growth in the US. The target market in this region will account for 39.3% of the market share in 2023 and will likely continue this growth during the forecast period. Favorable government policies and rising funds from the government as well as increasing product launches from key players will push the market forward in the US. Germany and China, too, will make notable contributions to the global growth of the eClinical solutions and software market during the forecast period.

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Key Players:

Oracle
Datatrak International, Inc.
Dassault Systemes
CRF Health
eClinicalWorks
Parexel International Corporation
Bioclinica
eClinical Solutions
IBM Watson Health
Anju Life Sciences Software
ERT Clinical
Key Market Segments Covered in Global eClinical Solutions and Software Industry Research

Solution:

Randomization & Trial Management (RTSM)
Clinical Data Management System (CDSM)
Clinical Trial Management System (CLMS)
Electronic Clinical Outcome Assessment (eCOA)
Electronic Trial Master File (eTMF)
Electronic Data Capture
Others
Delivery Mode:

Licensed Enterprise (On-premise) Solution
Cloud-based (SAAS) Solution
Web-hosted (on-demand) Solution
Clinical Trial:

Phase I
Phase II
Phase III
Phase IV

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Unveiling the Potential of Organ Preservation Market in 2032

The Global Organ Preservation Industry is expected to reach a startling US$ 455 million by 2032, according to new research. This ambitious estimate, which shows a compound annual growth rate (CAGR) of 6.4%, is based on a comprehensive analysis by Future Market Insights Inc.

The organ preservation sector is critical in ensuring the survival of healthy donor organs for successful transplantation, marking a watershed moment in medical advancements. Organ transplantation has emerged as a beacon of hope, extending the lives of many people around the world. However, the success of these surgeries is dependent on the rigorous preservation of donated organs.

Among the emerging and crucial technologies in organ preservation, static cold storage (SCS) takes center stage. This method proves to be instrumental in safeguarding the health of donor organs by preventing toxic metabolites from causing damage to the tissues. SCS facilitates the preservation of normal organ function post-transplantation, significantly enhancing the overall success rates of transplant procedures.

Global Organ Preservation Industry Overview:

The act of keeping healthy organs after they have been removed from donors’ bodies is known as organ preservation. Without causing much harm, organs are removed from the donor’s body, transported, and then transplanted into the body of the recipient. The results of this study indicate that the adoption of organ preservation is directly impacted by the increased prevalence of chronic illnesses.

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Organ preservation for transplantation has a strong influence on donor organ quality, which has a direct impact on a patient’s morbidity and survival rates following transplantation. One of the major factors driving the growth of the organ preservation solutions market is the increasing prevalence of chronic illnesses, as well as the world’s growing elderly population.

Because of the increasing number of organ failures caused by diabetes, cardiovascular diseases (CVDs), obesity, and other serious medical problems, static cold storage organ preservation treatments are becoming more common. Innovative and sophisticated organ preservation strategies, such as NMP, act as a growth-inducing agent.

In clinical and experimental research, such strategies help to reduce the risk of reperfusion damage after transplantation and improve static cold storage organ preservation results. Furthermore, an increasing number of government and non-government regulations and activities to encourage organ donation are positively impacting the growth of the organ preservation solutions market.

The growing number of people who volunteer to donate their organs for transplantation and research is also propelling the market forward. Other factors, such as increased R&D and significant developments in the Global Organ Preservation Industry, are expected to significantly contribute to market expansion.

Global Organ Preservation Industry Key Takeaways:

A preservation injury occurs when the liver no longer functions. A liver transplant, also known as a hepatic transplant, has the potential to save someone’s life. A liver transplant may also be recommended by a doctor to a patient who has reached the end stage of liver disease.
Individuals who received a liver transplant had an 89% chance of survival after one year, according to an article published in the American Journal of Transplantation. The growing need for organ transplantation is propelling the Global Organ Preservation Industry across the board.
According to the American Transplant Foundation, approximately 114,000 people in the United States are currently on the waiting list for a life-saving organ transplant. Every day, on average, 20 people die due to a lack of available organs for transplantation.
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Competition Analysis:

The Global Organ Preservation Industry is dominated by companies such as Paragonix Technologies (US), XVIVO Perfusion AB (Sweden), Dr Franz Köhler Chemie GmbH (Germany), Essential Pharmaceuticals, LLC (US), TransMedics (US), OrganOx Limited (UK), 21st Century Medicine (US), Bridge to Life Limited (US), Waters Medical Systems (US), Preservation Solutions (US), Carnamedica (Poland), Transplant Biomedicals (Spain), Institut (Netherlands).

Key Segments Covered in the Global Organ Preservation Industry Study:

By Solution:

University of Wisconsin Solution (UW Solution)
Custodial HTK
Perfadex
Other Solutions
By Technique:

Static Cold Storage
Hypothermia Machine Perfusion
Normothermic Machine Perfusion
By Organ Type:

Kidney
Liver
Long
Heart
Pancreas
By End User:

Organ Transplant Centres
Hospitals
Specialty Clinics

Unveiling the Potential of Advanced Wound Management Market in 2033

In a groundbreaking revelation, the Global Advanced Wound Management Industry is gearing up for robust and consistent growth, positioning itself to achieve a remarkable market value of US$8.1 billion by 2023 and eyeing a potential surge to US$11.5 billion by 2033. These findings, underscored by a notable Compound Annual Growth Rate (CAGR) of 3.6%, reflect the industry’s resilience and adaptability in the face of challenges.

The year 2020 presented unforeseen challenges for the advanced wound management sector, marked by the unprecedented impacts of the COVID-19 pandemic that induced a temporary decline in sales. However, the industry showcased its resilience as the global community rallied with intensified research and development efforts, focusing on innovative wound care solutions. This concerted effort has paved the way for a remarkable recovery, positioning the industry for a gradual and sustained upswing in the demand for advanced wound management products throughout the assessment period.

An exciting development to watch is the integration of biomaterials like alginates and silver into topical wound healing treatments, which is poised to further propel sales. These advancements are inspiring leading industry players to pioneer effective and cutting-edge solutions for advanced wound healing, ensuring a promising future for the market.

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Product developments in the advanced wound dressing segment such as hydrogels, collagen, and hydrocolloids are on the cards. Apart from these products, the emergence of negative pressure wound therapy devices will boost sales in the market.

Besides this, government-backed initiatives such as public health insurance schemes in countries including the U.S., the U.K., and China will create lucrative growth opportunities in the advanced wound management industry.

Key Takeaways from the Global Advanced Wound Management Industry Analysis

Advanced wound dressing is anticipated to dominate the product segment.
Based on application, chronic ulcers will witness increasing adoption of advanced wound management.
Hospitals, followed by clinics are expected to account for maximum market sales.
The U.S. is projected to witness high demand in the advanced wound management market, owing to increasing number of diabetic patients in the country.
The U.K. will emerge as a lucrative market with rapid product developments by leading players.
China will exhibit high demand for advanced wound management due to increasing incidence of chronic wounds and reimbursements for medical expenditure.
The advanced wound management industry in India is expected to grow at a steady pace, owing to growing cases of road accidents and chronic wounds.
“Increasing research and development activities aimed at offering advanced wound healing devices and fast-track approvals for novel advanced wound management products are anticipated to propel sales in the market through 2031,” says the FMI analyst.

Growing investments in the healthcare sector, coupled with innovations in advanced wound management products are anticipated to positively shape demand in the upcoming years.

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Global Advanced Wound Management Industry Competitive Landscape

As per FMI’s analysis, ConvaTec Group Plc. Coloplast A/S, Molnlycke Health Care AB, 3M Healthcare, and Smith & Nephew PLC. are among the leading players in the market, accounting for approximately 3/4th of the market share.

Key players operating in the advanced wound management market are actively focusing on product innovations, strategic collaboration, mergers, acquisitions, and government approvals as a part of their growth strategies. For instance:

In July 2021, Ethicon Inc., a part of the Johnson & Johnson Medical Devices Company, announced the U.S. Food and Drug Administration (FDA) has granted Breakthrough Designation for the company’s transbronchial microwave ablation technology. The advanced technology uses robotic-assisted bronchoscopy for the treatment of debilitating diseases and conditions.
In July 2021, Illinois-based Medline Industries announced its plan to open a new distribution center worth US$ 100 Mn in the Katy area. The new distribution facility will bring the company’s total employee strength to around 375 employees.
Global Advanced Wound Management Industry by Category

By Product Type:

Advanced wound dressings
Alginates
Collagens
Films
Foams
Hydrocolloids
Hydrofibers
Hydrogels
Wound contact layers
Superabsorbent dressings
Negative pressure wound therapy devices
Standalone NPWT devices
Portable NPWT devices
Single-use disposable NPWT devices
NPWT accessories
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By Application Type:

Chronic ulcers
Venous leg ulcers
Diabetic foot ulcers
Pressure ulcers
Non-healing surgical wounds
Traumatic wounds
Burn cases
By End-User Type:

Hospitals
Clinics
Ambulatory surgical centers
Skilled nursing facilities

Analyzing the Factors Driving the US$ 7,550.0 Million Industrial Noise Control Market Growth by 2028

The Industrial Noise Control Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Industrial Noise Control market. Encompassing the research's scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Industrial Noise Control. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.
The Industrial Noise Control Market is currently in the midst of a significant transformation, as it embraces a profound shift towards integrating eco-friendly practices. This pivotal change entails a noticeable preference for biodegradable materials over conventional alternatives, with manufacturers fervently integrating sustainable materials into the design and development of noise control units. This strategic transition seamlessly aligns with the prevailing sustainability trend, as companies increasingly recognize the importance of reducing their environmental impact.
At the conclusion of 2021, the industrial noise control market was evaluated at a substantial value of U$5,529.1 million. Forecasts suggest that the market is positioned to experience substantial growth by 2028, with an anticipated Compound Annual Growth Rate (CAGR) of 4.6%, leading to a peak valuation of US$7,550.0 Million.
Significantly, the sales volume of industrial noise control systems surpassed 152 million units in 2021, resulting in a market value of US$5,529.1 million. According to recent research conducted by Future Market Insights (FMI), the industrial noise control market is expected to record a year-over-year growth rate of 3.7% in 2022. Several pivotal factors play a key role in influencing the expansion of the industrial noise control market.
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• Growing awareness of harmful levels of industrial noise
• Increasing emphasis on the protection of workers and employees from noise pollution
• Stringent environment regulation related to industrial noise control
• Incorporation of integrated noise control technologies in advanced industrial machinery
The industrial noise control industry is witnessing a shift toward biodegradable materials over traditional materials. Manufacturers are incorporating green and sustainable materials in design and development of industrial noise control units to align with the ongoing sustainability trend.
Polymer & Composites Remain Preferred Materials, Accounted for Over 4 in 10 Sales in 2021
The FMI study finds that polymer and composites are highly preferred materials for the manufacturing of industrial noise control units. Over 4 in 10 industrial noise control units sold in 2018 were made of polymer & composites.
Polymers and composite materials have higher soundproofing properties as compared to other materials such as glass, metal and fabric. In addition, new developments in composite materials provide biodegradability and recyclability, leading to higher sales.
Vibration Isolation Units Highly Sought-After
The FMI study finds that over 8 in 10 industrial noise control units sold in 2021 were equipped with vibration isolation unit. As vibrations can significantly impact the overall productivity and durability of a range of industrial machines, industrial noise control with vibration isolation units are highly sought after.
FMI thoroughly analyzed demand trends of different vibration isolation units such as isolation/machinery pads, isolation mounts, equipment bases and spring isolators. Among these, sales of isolation mounts were higher in 2021 and the demand trend will continue in the future as manufacturers consistently introduce advanced and more efficient vibration isolation mounts.
The industrial noise control market is also studied for flexible and rigid industrial noise control instruments by FMI. While both these noise control units significantly address noise pollution issues, FMI study finds that flexible noise control units accounted for the second highest sales in 2018 and demand for rigid noise barriers is expected to grow at 4% in 2022.
Industrial Noise Control Utilization in Internal Application Prominent, Accounted for 7 in 10 Sales in 2021
The FMI study estimates that demand for industrial noise control units for internal noise control application remained higher as compared to the application in external noise control. 7 in 10 industrial noise control units sold in 2021 were for internal application and the demand will continue to grow in the future.
Elevated sound levels at workplaces and other commercial or residential places can cause negative human health conditions such as hearing impairment, annoyance, sleep disturbance, hypertension and in some cases ischemic heart disease. Dissemination of knowledge regarding these harmful effects is contributing to increasing sales of industrial noise control units in the internal noise control application.
Growing awareness of environmental noise as a potential health concern, industrial measures are taken to address the impact of external noise sources. FMI shows that adoption of industrial noise control for external noise control application will grow at 3.9% y-o-y in 2022.
Demand for Industrial Noise Control Units Consolidates in Manufacturing Sector
According to the FMI study, the manufacturing sector remains a prominent end user of industrial noise control units. Different manufacturing industry verticals such as electrical & electronics, industrial machinery, automotive, metal and others significantly integrate industrial noise control measures.
Over 7 in 10 industrial noise control units were sold in the manufacturing sector in 2018, wherein industrial machinery vertical account for the highest sales. As keeping the noise within the OSHA levels in the different manufacturing sector is pivotal in ensuring health and wellness of employees.
Demand in East Asia Continues to Surge, Europe Represents Second Largest Market
As per FMI valuation, countries in East Asia including China, Japan and South Korea registered significant demand for industrial noise control units in 2021. In terms of sales volume, Europe followed East Asia and collectively, these regions accounted for over 6 in 10 unit sales.
China in East Asia remains leading consumer of industrial noise control. A prominent manufacturing sector in the country contributes to the significant demand for industrial noise control. In Europe, Germany followed by France and the UK accounted for considerable bulk of regional demand in 2021.
While the growth prospects seem steady for the industrial noise control market, development of advanced industrial machineries integrated with noise cancelling technologies and sound or vibration absorbers can impede the market growth in the future.
Global Industrial Noise Control Market by Category
By Material Type:
• Polymer & Composite
• Glass
• Metal
• Fabric
By Product Type:
• Flexible
• Sound Curtains
• Acoustic Foam
• Acoustic Blankets
• Sound Absorbers
• Rigid
• Enclosures
• Silencers
• Ceiling Baffles
• Test Chambers
• Sound Proof Walls
• Panels
• Others
• Vibration Isolation
• Isolation Pads
• Isolations Mounts
• Machinery Pads
• Equipment Bases
• Others
By Application:
• Internal Noise Control
• External Noise Control
By End Use:
• Manufacturing
• Electrical & Electronics Equipment
• Industrial Machinery
• Automotive
• Metal
• Other Manufacturing
• Construction & Mining
• Healthcare
By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Middle East & Africa
• Oceania

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