Market Research News

Monday, 2 July 2018

Clinical Trial Supplies Market Is Projected To Expand At A Healthy Growth Rate Of USD 3.3 billion by 2025 : Grand View Research, Inc.

The global clinical trial supplies market is expected to reach USD 3.3 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness growth at 7.3% CAGR owing to Increasing volume of clinical trial studies coupled with the growing complexity in conduction of these trials are the primary driver of the industry. Furthermore, geographic expansion and development of Information Technology (IT) to facilitate higher integration and smooth performance of activities are other vitally impacting parameters. Over the next eight years, the clinical trials and pharmaceutical industry is anticipated to continue steady growth, thereby promoting the high requirement of clinical trial supplies.

U.S and Canada are home to majority of clinical trials which are conducted in this region. No language barrier is one of the major factor for the preference of this region for majority of clinical trials, as English language is widely spoken in this region. Major CRO’s and biopharmaceutical companies have their hub in this region and with advancement in technology the demand for efficient supplies are increasing and the region is expected to dominate the clinical trial supplies market over the forecast period.

Full Research Report On clinical trial supplies market Analysis: http://www.grandviewresearch.com/industry-analysis/clinical-trial-supplies-market

Further Key Findings From the Study Suggest:

· On the basis of clinical phase, the market is anticipated to be dominated by Phase III in 2025. The presence of large number of molecule estimated to reach Phase III by 2020 is the primary factor responsible for this prediction.

· By services, storage and distribution is anticipated to witness the fastest growth at a CAGR of over 7.0%.

· Key end-users of this industry are pharmaceuticals, and biologics. Biologics are expected to witness fastest growth owing to the increasing research in the field of genetics and biotechnology such as development of nanoparticle based drug delivery systems.

· In terms of therapeutic use or clinical indication, oncology dominates the market. The highest research activity as of 2016 is being performed for this indication, which in turn is expected to drive the market.

· Few of the industry players include Movianto GmbH, Thermo Fischer Scientific, Sharp Packaging Services, Catalent Pharma Solution, Biocair International Ltd., PCI Services, Almac Group Ltd, and Patheon Inc. Other players present in the market space include Clinigen Group Plc, Merck Serono, and Chimerix.

View More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/pharmaceuticals

Grand View Research has segmented the clinical trial supplies market by phase, product/service, end-use, therapeutic use and region:

Clinical Phase Outlook (Revenue, USD Million; 2014 - 2025)

· Phase I

· Phase II

· Phase III

· Others

Product/Service Outlook (Revenue, USD Million; 2014 - 2025)

· Manufacturing

· Storage & distribution

o Cold chain based

o Non-cold chain based

· Supply chain management

End-Use Outlook (Revenue, USD Million; 2014 - 2025)

· Pharmaceuticals

· Biologics

· Medical device

· Others

Therapeutic Use Outlook (Revenue, USD Million; 2014 - 2025)

· Oncology

· CNS

· Cardiovascular

· Infectious disease

· Metabolic disorders

· Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)

· North America

o U.S.

o Canada

· Europe

o Germany

o UK

· Asia Pacific

o China

o Japan

· Latin America

o Mexico

o Brazil

· MEA

o South Africa

o Saudi Arabia

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-clinical-trial-supplies-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Household Vacuum Cleaners Market Is Projected To Reach USD 16.1 Billion By 2022 : Grand View Research, Inc.

The global household vacuum cleaners market is expected to reach USD 16.1 billion by 2022, according to a new report by Grand View Research, Inc. Increasing government initiatives to spread awareness about cleanliness and hygiene worldwide is expected to contribute to revenue growth.

Rising disposable income and increasing preference for new technologies worldwide is anticipated to favor industry growth over the forecast period. Price is estimated to be a critical factor in buying decision. Rising competition owing to presence of large industry players and less differentiated product is expected to benefit Industry leading to price reduction.

Technology developments play an important role in revenue growth. Products such as bagless and robotic vacuum cleanerss have gained popularity across the globe. Use of smartphone-based services is also gaining popularity due to rising smartphone penetration worldwide. For instance, in September 2015, iRobot Corporation announced the introduction of Roomba 980 that combines adaptive navigation with visual localization, and cloud connected app control for easy operation.

Full Research Report On household vacuum cleaners market Analysis: http://www.grandviewresearch.com/industry-analysis/household-vacuum-cleaners-market

Further key findings from the report suggest:

· Household vacuum cleaners market is segmented on the basis product into upright, canister, central, drum, wet/dry, and robotic devices. Robotic cleanerss are expected to hold high potential over the next seven years owing to innovative features including sweeping brushes, acoustic sensors, mobile support, automated mapping capabilities and self charging capabilities.

· Canister vacuum cleanerss market is estimated to be valued at over USD 4 billion by 2022. Drum products are anticipated to grow at a CAGR of more than 4.0% over the forecast period. High cost and large size may hinder growth of the central product segment over the next seven years.

· Asia Pacific vacuum cleaners market accounted over 30% of the overall revenue share in 2014. Strict energy regulations may hinder regional growth over the forecast period. EU banned the sales of vacuum cleanerss with power capacity above 1600 watts and this capacity restriction will reduce to 900 watts in September 2017.

· Key industry players include Stanley Black & Decker, Electrolux Group, Dyson Ltd., TTI Floor Care, Miele, LG Corporation, and Eureka Forbes Ltd. Other prominent vendors include Royal Philips Electronics, Oreck Corporation, Haier Group, iRobot Corporation, Bissell Inc., Panasonic Corporation, and Samsung.

· In July 2013, TTI Floor Care acquired Oreck Corporation to enhance its product portfolio. The company offers these products through four brands, Vax, Oreck, Dirt Devil, and Hoover. Dyson offers upright, canister, cordless, and handheld products. In September 2015, iRobot Corporation announced the launch of Roomba 980, which is equipped with high tech sensors for navigation, visual localization technology, and app-based support.

View More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/pharmaceuticals

Grand View Research has segmented the household vacuum cleaners market on the basis of product and region:

Household Vacuum cleaners Product Outlook (Revenue, USD Million, 2012 - 2022)

· Upright

· Canister

· Central

· Drum

· Wet/dry

· Robotic

· Others

Household Vacuum cleaners Regional Outlook (Revenue, USD Million, 2012 - 2022)

· North America

· Europe

· Asia Pacific

· RoW

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-household-vacuum-cleaners-market

Self-Service Technology Market Size Is Projected To Reach A Valuation Of USD 39.07 Billion By 2022 : Grand View Research, Inc.

The self-service technology market is expected to reach USD 39.07 billion by 2022, according to a new study by Grand View Research, Inc. Growing focus by enterprises for offering convenient services to the customers along with customizing cost of these services is estimated to drive demand. Deployment of several types of technologically advanced kiosks and vending machines has revolutionized the industry with an improved automation experience.

Various enterprises operating in sectors including food & beverages, retail, healthcare and banking are estimated to be the key demand facilitators. The industry is driven by smart features including NFC advancements, remote monitoring and cashles transactions.

Increasing awareness for active safety systems, changing lifestyle and enhanced security in financial transactions are projected to propel demand. Biometrics for self-service products has helped consumers to experience secure and safe transactions. However, stringent government safety regulations governing the use of vending machines can act as a restraint for industry growth.

Full Research Report On self-service technology market Analysis: http://www.grandviewresearch.com/industry-analysis/self-service-technology-market

Further key findings from the study suggest:

· ATM market accounted for over 80% of the overall demand in 2014 and is estimated to lose share through the forecast period. They have emerged as a multifunctional machines in recent years offering customers with services such as cash deposit, bill payments, and account statements, which was only limited to cash dispense in past. This additional service has benefited the banks and financial institutions to improve their revenue margin, saving their operating time and providing comfort to customers.

· Kiosks segment is expected to exhibit high growth over the next few years, reaching an estimated share of over 21% by 2022. Digital kiosks are becoming more user-friendly as they are capable of undertaking difficult tasks in healthcare, banking and other businesses.

· North America dominated the self-service technology market in 2014, and is expected to exhibit stable grow at a CAGR of over 9.0% from 2015 to 2022. Availability of technologically advanced infrastructure and emergence of new business models is expected to propel demand across this region.

· Self-service technology market share is occupied by companies such as NCR Corporation, Euronet Worldwide, Kiosk Information System, and Diebold. Technology agreements and collaborations are the key strategies adopted by the players in an effort to enhance their foothold. Different types of interactive screens are being introduced by vendors with similar but unique functionalities in an effort to communicate product related information to consumers.

View More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/electronic-devices

Grand View Research has segmented the self-service technology market on the basis of product and region:

Self-Service Technology Product Outlook (Revenue, USD Million, 2012 – 2022)

· ATM

· Kiosks

· Vending Machines

Self-Service Technology Regional Outlook (Revenue, USD Million, 2012 – 2022)

· North America

· Europe

· Asia Pacific

· RoW

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-self-service-technology-market

Machine Translation Market Size Is Projected To Reach A Valuation Of USD 983.3 Million by 2024: Grand View Research, Inc.

The global machine translation market size is expected to reach USD 983.3 million by 2022, according to a new study by Grand View Research, Inc., exhibiting a 14.6% CAGR during the forecast period. The reinvention of computer-aided translational tools and growth of adaptive machine translation has considerably widened the scope of the machine translation market.

Key players are increasing their focus on developing advanced MT systems to meet growing consumer needs. For instance, Lilt Inc. has launched an adaptive neural machine translation system to use real-time feedback loop and Artificial Intelligence (AI) to boost the productivity of a human translator. Moreover, the technology is expected to offer opportunities to people for communicating and accessing information in a particular language. This system goes beyond Facebook, Inc.; Apple Inc.; and Microsoft Corporation’s product offerings.

Globalization has significantly contributed to addressing the need for linguistically diverse local audiences. Growing importance of businesses in emerging markets, creation of online content, and need for enabling global collaboration among employees is expected to drive market growth over the forecast period.

Need for organizations to localize their content in several languages to capture international markets is expected to bolster demand for MT systems. Adoption of such systems and instant web publishing requirements is further expected to improve user experience by developing multilingual engagement across different content types.

Growing importance of cloud computing has resulted in increasing demand for cloud-based translation tools. Moreover, delivery of Machine Translation Software-as-a-Service (MTSaaS) over secure cloud offerings accommodated in data centers is expected to offer considerable growth opportunities.

The convergence of Translation Memories (TM) and MT is expected to fully integrate workflows. TM store sentences and paragraphs that were previously translated to aid human translators, accelerating translation projects and reducing costs. Furthermore, the industry has gravitated toward the use of Bilingual Evaluation Understudy (BLEU) as a useful measurement of translation quality. BLEU is a method for automatic evaluation of MT, which is inexpensive and language independent.

Full Research Report On machine translation market Analysis: https://www.grandviewresearch.com/industry-analysis/gardening-equipment-market

Further key findings from the study suggest:

· The automotive and electronics industries are anticipated to gain substantial market share by 2022 owing to need for timely and accurate translation of large amounts of content in various application segments

· The MT market in automotive applications is expected to value around USD 140 million by 2022

· Existence of a large number of players and government initiatives supporting machine translation has impacted industry growth positively in U.S. Google Inc. and Microsoft Corporation have made SMT technology popular with their free online engines in the country

· Demand for Statistical Machine Translation (SMT) has significantly increased over the past few years, due toits effectiveness over Rule-Based Machine Translation (RBMT) in terms of time and cost

· SMT contributed to more than 65.0% of the overall MT market revenue

· Key players in the industry include IBM Corporation; SDL PLC; Lionbridge Technologies Inc.; Asia Online Pte Ltd.; and Lighthouse IP Group.

View More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global machine translation market report on the basis of application, technology, and region:

Machine Translation Application Outlook (Revenue, USD Million, 2012 - 2022)

· Automotive

· Military & Defense

· Electronics

· IT

· Healthcare

· Others

Machine Translation Technology Outlook (Revenue, USD Million, 2012 - 2022)

· RBMT

· SMT

· Others

Machine Translation Regional Outlook (Revenue, USD Million, 2012 - 2022)

· North America

o U.S.

o Canada

· Europe

· Asia Pacific

· Latin America

· Middle East and Africa (MEA)

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-machine-translation-market