Why Are Researchers Switching to E-Clinical Solutions?

E-clinical solutions are used by healthcare providers, contract research organizations (CROs), and pharmaceutical and biotechnology companies, to acquire, manage, convert, and standardize data. Owing to such features, e-clinical solutions are widely used for clinical trials conducted by pharmaceutical and biotechnology companies. Furthermore, the CROs are using such solutions for supporting the pharmaceutical and medical device sectors, by offering research services, such as biopharmaceutical development, clinical trials management, preclinical research, clinical research, and biological assay management, on a contractual basis.

Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/e-clinical-solutions-market/report-sample

Adoption of e-clinical solutions has accelerated, due to rising attempts to invent treatments for diseases like cancer, acquired immunodeficiency syndrome (AIDS), and diabetes. These attempts have encouraged pharmaceutical, biopharmaceutical, clinical research, and life sciences firms to invest hefty amounts in the development of e-clinical solutions market. Furthermore, surging incidence of cancer and diabetes will increase the application of e-clinical solutions. For example, the World Health Organization (WHO) states that cancer accounts for nearly 9.6 million deaths, annually. Whereas, the International Diabetes Federation (IDF) estimates that around 629 million people will suffer with diabetes, globally, by 2045.

Make an Enquiry before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=e-clinical-solutions-market

Additionally, booming ageing population will accelerate the requirement of e-clinical solutions, as the elderly are highly susceptible to chronic diseases like cancer, diabetes, and cardiovascular diseases (CVDs). According to the United Nations Department of Economic and Social Affairs (UNDSEA), the population size of individuals aged 65 years or above will reach 225.4 million in India, 356.6 million in China, 84.8 million in the U.S., and 52.0 million in Brazil, by 2050. They require better drugs due to the rising complexities in life-threatening diseases, on account of climatic abnormalities and changing lifestyle pattern.

Another factor driving the demand for such solutions is the government efforts to digitally transform their medical infrastructure. For instance, as part of its Health Information Technology for Economic and Clinical Health (HITECH) Act, the U.S. government incentivizes healthcare professionals who use digital technologies. Similarly, in 2015, the European Union (EU) announced plans to invest $18.1 million for developing the digital health infrastructure in the region, so that as many medical services as possible can be dispensed virtually, thereby resulting in time and cost savings for patients as well as caregivers.

Read More

Surging Deployment of Electric Vehicles Fueling Demand for Lithium-Ion Batteries

With the mushrooming sales of electric vehicles, the demand for lithium-ion batteries is growing rapidly across the world. Due to the soaring air pollution levels and the fluctuating oil prices, the governments of many countries are implementing policies aimed at augmenting the deployment of electric vehicles. As per the Global EV Outlook 2018, 3.1 million electric passenger cars were sold around the world in 2017. This registered an increment of 57% from the electric passenger car sales recorded in 2016. 

To learn more about this report: https://bit.ly/3g4w5VY

As lithium-ion batteries are extensively used in modern battery electric vehicles (BEVs), due to their high energy density, the ballooning sales of electric vehicles (EVs) are positively impacting the demand for these batteries across the world. Besides the surging sales of EVs, the growing adoption of lithium-ion batteries in various consumer electronics devices is also propelling their worldwide sales. The rising energy density of these energy storage devices is creating lucrative growth opportunities for many lithium-ion battery manufacturing organizations.

Due to the above-mentioned factors, the demand for lithium-ion batteries is increasing sharply all over the world, which is, in turn, fueling the expansion of the global lithium-ion battery market. As a result, the valuation of the market is predicted to rise from $33,720.8 million in 2018 to more than $106,493.0 million by 2024. Furthermore, the market is predicted to progress at a CAGR of 21.8% from 2019 to 2024. 

Across the globe, the lithium-ion battery market is predicted to boom in the Asia-Pacific (APAC) region in the coming years. This will be due to the burgeoning requirement for electric vehicles (EVs), on account of their rapidly falling prices and the implementation of favorable government policies regarding their adoption, and smartwatches, smartphones, smart vacuum cleaners, smart bulbs, laptops, and various other smart devices and the rapid technological advancements being made in this region. 

Therefore, it is quite clear that the sales of lithium-ion batteries will shoot up all over the world in the upcoming years, mainly because of their growing usage in consumer electronics products and the mushrooming deployment of electric vehicles in several countries.

Read More: https://www.psmarketresearch.com/market-analysis/lithium-ion-battery-market

Read More

How Are Lead-Acid Batteries Aiding Transition to Renewable Energy?

Around the world, the population continues to grow, which is leading to the rising demand for electricity, among almost all other things. More people and houses mean more electrical appliances in use, which is putting immense pressure on national grids. In a large number of countries, especially the developing ones, the energy being produced is still way lesser than required. Thus, the existing grids regularly witness high-load conditions, which lead to power cuts for short and long durations.

As power cuts disrupt the day-to-day life, the demand for equipment that can continue to provide power in case of outages has been steadily increasing. Therefore, uninterruptible power supply (UPS) sales are increasing around the world. Since these devices draw electricity from lead–acid batteries, P&S Intelligence has forecast a 3.7% CAGR for the lead–acid battery market during 2018–2023. At this rate, the revenue generated from the sale of these energy storage systems will likely rise from $56.9 billion in 2017 to $70.7 billion by 2023.

To learn more about this report: https://bit.ly/3uMjcE2

Similarly, the demand for these batteries is also growing in the renewable energy sector. As air pollution continues to mount and days become hazier every year, countries are setting up wind, solar, and hydroelectricity plants to reduce the consumption of crude oil and coal at thermal power stations. Though renewable energy can potentially make the earth greener, its output isn’t reliable. This is why batteries are required at such establishments to store any extra electricity that is produced, so that it can be discharged to the grid when the power demand surges.

Owing to the combined effect of the growing automotive, renewable, and other sectors, the lead–acid battery market is presently dominated by Asia-Pacific (APAC), a trend unlikely to change in the coming years. APAC is the largest producer of vehicles, both conventional and electric, as well as of renewable energy. Coupled with this, construction activities are rampant in the region, which is another factor propelling the installation of batteries, both during construction and for UPSs, after the properties have been bought or leased.

Therefore, with the rapid urbanization pushing up the demand for continuous electricity supply at houses, hospitals, factories, and public transport establishments, the sales of lead–acid batteries will keep escalating.

Read More: https://www.psmarketresearch.com/market-analysis/lead-acid-battery-market

Read More

Remote Consulting and Patient Monitoring a Reality with Telemedicine

To make healthcare easily accessible to the masses, governments of numerous countries are investing heavily in digital and virtual technologies. For instance, the Health Resources and Services Administration (HRSA) and U.S. Department of Health and Human Services (HHS) invested $15 million in May 2020 in 159 organizations working in the field of telemedicine, to help them ramp up their capabilities amidst the devastating COVID-19 pandemic. Moreover, a month ago, the congress, under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, authorized the Federal Communications Commission (FCC) to invest $200 million for the provision of connected care across the country.

Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/telemedicine-market/report-sample

This is because among many of its purposes, telemedicine is used for monitoring the condition of patients remotely. These days, a number of connected medical devices, such as multi-parameter monitors, blood glucose monitors, sphygmomanometers, capnographs, and electroencephalograms (EEG), are being used to monitor patients’ health and transmit the data over the internet or the phone line to the server of their doctors. Since it saves patients the trouble of physically visiting their doctor for routine stuff, remote monitoring is becoming increasingly popular in far-flung areas.

Make an Enquiry before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=telemedicine-market

However, the most-prominent purpose for which telemedicine is presently used is teleconsulting. In this method, the doctor communicates with the patient via telephone or internet audio and video, wherein regular conditions are diagnosed, symptoms shared, and medical and dietary advice taken. This helps patients in at least two ways: first, it saves them the time and money spent in visiting a healthcare facility, and second, it prevents the transmission of healthcare-acquired infections (HAI). With doctors currently not seeing patients personally for non-COVID illnesses, teleconsulting is being increasingly practiced.

Since the usage of audio and video equipment for remote healthcare purposes mandates technological advancements and heavy investments, the telemedicine market of North America has been the most productive till now. Moreover, the prevalence of chronic diseases, especially cancer and heart issues, is quite high in the region, which creates the need for extensive patient monitoring. Moreover, as per the UN, the geriatric population in the region will increase to 96.3 million by 2050 from 59.9 million in 2019, thereby driving the demand for various telemedicine services.

Read More

Growing Popularity of OLED Displays Fueling Demand for OLED Materials

With the surge in the demand for organic light emitting diode (OLED) displays in smartphones, the sales of OLED materials are growing rapidly across the world. Nowadays, people are preferring smartphones equipped with high quality displays that can be integrated with OLED films. As more and more consumers are preferring electronic products equipped with features such as camera, internet, and multimedia, on account of their surging disposable income, manufacturers are increasingly incorporating OLED displays in smartphones.

Additionally, the growing usage of these materials in the automotive industry is also fueling their sales across the globe. Due to these factors, the global organic light emitting diode materials market is exhibiting rapid expansion. OLED is basically a light emitting diode that is organic in nature and comprises an emissive electroluminescent layer which emits light when electric current falls on it. OLED displays can e driven by active matrix (AMOLED) or passive matrix (PMOLED) control schemes.

Geographically, Asia-Pacific has been the largest OLED materials market in the past. This is because of the surging population in the region driving the demand for residential facilities, which, in turn, are resulting in the increasing need for OLED materials for lighting and display purposes. In addition to this, because of the growth in disposable income of people in countries such as India and China, the demand for smartphones with enhanced display qualities is also increasing, which is further resulting in the rising need for OLED materials. 

In conclusion, the benefits of OLED display, growing demand for smartphones, and increasing residentials projects are driving the requirement for OLED materials.  

Read More: https://www.psmarketresearch.com/market-analysis/oled-materials-market

Read More

Thanks to Wireless Charging, Long Uninterrupted Drives on Your Tesla Are Now Possible

The ballooning usage of electric vehicles (EVs) is pushing up the global demand for advanced electric vehicle charging technologies such as wireless charging. Wireless electric vehicle charging is a recent innovation that is rapidly replacing the conventional method of charging the electric vehicles by plugging them to a power source. Also known as inductive charging, wireless charging enables the operation of electric vehicles in a similar way to that of the conventional internal combustion engine (ICE) vehicles. 

Request to Get the Sample Report

Wireless chargers are installed at various points within a roadway for offering continuous charging to the electric vehicles. This way these chargers eliminate the need for batteries having large capacities and the range anxiety issues usually associated with electric cars. Moreover, with the rising requirement for PEVs (plug-in electric vehicles) and fast-charging facilities and the increasing number of research and development (R&D) activities in wireless technology, the adoption of wireless EV charging will rise enormously in the coming years.

While the aforementioned factors are playing a major role in fueling the worldwide demand for wireless EV charging facilities, the flourishing EV industry is the biggest factor responsible for the expansion of the wireless EV charging market. Due to the rising pollution and the growing environmental awareness among the masses, the deployment of EVs is surging sharply across the world. Many people are increasingly preferring to buy EVs over the ICE vehicles, because of the eco-friendly nature of these vehicles.

Globally, the Asia-Pacific (APAC) wireless EV charging market will be very lucrative in the upcoming years, as per the forecast of P&S Intelligence, a market research firm based in India. This will be mainly because of the mushrooming usage of electric vehicles in the regional countries, especially China, which is home to the fastest rising electric vehicle industry in the world. Furthermore, China is one of the biggest producers of inductive chargers all over the world.

Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=wireless-ev-charging-market

Hence, it can be said without any doubt that the development of wireless electric vehicle charging systems will rise sharply, especially in the APAC region, in the upcoming years, primarily because of the increasing utilization of electric vehicles and the growing requirement for advanced charging systems around the world. 

Read More

What are Major Factors Driving Growth of Competitive Landscape of Private Healthcare Insurance Industry?

 The healthcare industry is among the most prominent industries; however, the cost of private healthcare services is extremely high and most of the people are not able to afford those services. Attributed to this, private healthcare insurance companies provide several kinds of plans for disease, medical, and income protection. Customers have to pay tax-free premiums annually or monthly for such a service. The medical insurance is health insurance policy which covers high deductible medical expenses. The policy covers limited amounts of certain expenses, including emergency services, hospital bed expenses, and ambulatory patient services. 

Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/healthcare-insurance-market/report-sample

The private healthcare insurance industry in the U.S. is being driven by the rising prevalence of chronic diseases, government funding programs for healthcare insurance, and increasing geriatric population. As per the Population Reference Bureau report “Aging in the United States”, the number of people aged 65 years and above in America is expected to increase from 46 million in 2016 to more than 98 million by 2060. Since aged people need medical attention more often, it leads to frequent visits to clinics and hospitals, thereby increasing the burden of medical bills. Ascribed to this, people in this age group tend to increasingly invest in health insurance for lowering the burden of medical expenses. 

Make an Enquiry before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=healthcare-insurance-market

The Asia-Pacific region is expected to emerge as the fastest growing private healthcare insurance industry in the coming years, and countries including Australia, India, Japan, and China are expected to majorly contribute to the industry. This is owing to the expansion of healthcare insurance industry, growing healthcare awareness, and increasing incidence of chronic ailments in the region. In addition to this, the the growing medical tourism in the region is also resulting in the growth of the private healthcare insurance in the region. 

In conclusion, the surging prevalence of chronic diseases and growing geriatric population is leading to the rising adoption of healthcare insurance. 

Read More