Project management software is a computer program that enables project managers and other team members to commence, plan, implement, track, and deliver projects of all sizes and kinds. Project management software has been created to plan and store project responsibilities and events, arrange agendas and deadlines, address project problems, allocate and manage project-related expenses, set up association and support among project members, manage quality, bring together project teams, and manage human resources as well as project updates.
Monday, August 31, 2020
Major Applications of the Project Management Software
Friday, August 28, 2020
Drug Discovery Services Market - Emerging Innovations to Bring Major Revolutions
The market will be driven by growing R&D expenditure in the pharmaceutical & biopharmaceutical industry, thus necessitating increasing demand for outsourcing analytical testing and clinical trial services. Initiatives for research on rare diseases and orphan drugs, and focus on drug discovery are driving the growth of the global drug discovery services industry. Growth in biologics, patent expiries and emerging economies are expected to provide a wide range of growth opportunities for players in the market.
The global drug discovery services market size is projected to reach USD 19.1 billion by 2025 from USD 10.7 billion in 2020, at a CAGR of 12.1% from 2020 to 2025.
The study involved four major activities in estimating the current size of the drug discovery services market. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
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Small molecule drugs are expected to dominate the drug discovery services market in 2020.
Based on drug type, the drug discovery services market is segmented into small-molecule drugs and biologic drugs. In 2020, small molecule drugs are expected to account for the largest market share as small-molecule drugs are simple, well-defined, and easy to characterize. Due to these features, they can quickly enter cells, affect molecules, and cause cancer cells to die.
Recent Developments:
# In 2019, Charles River (US) and CHDI Foundation, Inc. (US), Extended collaboration on drug discovery and development for Huntington’s Disease by five years.
# In 2019, Laboratory Corporation of America Holdings’s (US) opened the Covance Drug Development segment opened a new R&D Center in Shanghai, China—its largest facility in the Asia Pacific. This will help the company to grow its business in China and the APAC.
Medicinal Chemistry expected to dominate the drug discovery services market in 2020
Based on type, the drug discovery services market is segmented into medicinal chemistry services, biology services, and drug metabolism and pharmacokinetics (DMPK). Of all these type segments, the medicinal chemistry services segment is estimated to account for the largest share of the drug discovery services market in 2020. The large share of this segment is due to factors such as the widespread application of medicinal chemistry in various phases of preclinical drug discovery to deliver robust candidates. Furthermore, the extensive usage of medicinal chemistry in academics, biotechnology companies, and large pharmaceutical companies are also supporting market growth.
Key Questions Addressed in the Report:
# What are the growth opportunities in the market across major regions in the future?
# Emerging countries have immense opportunities for the growth and adoption of drug discovery services. Will this scenario continue during the next five years?
# What are the various drug discovery services and their respective market shares in the overall market?
# What are the new trends and advancements in the market?
North America is expected to command the largest share of the drug discovery services market in 2020.
Based on the region, the global drug discovery services market is segmented into North America, Europe, the Asia Pacific, and Rest of the World. In 2020, North America is expected to command the largest share of the drug discovery services market. The large share of this market segment can be attributed majorly to the presence of well-established CROs, rising R&D expenditure by pharmaceutical & biopharmaceutical companies, and the availability of latest techniques, instruments, and facilities for drug discovery research.
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The major players operating in this market Laboratory Corporation of America Holdings (US), Albany Molecular Research, Inc. (US), Charles River Laboratories International, Inc. (US), Evotec SE (Germany), Eurofins Scientific (Luxembourg), WuXi AppTec (China), GenScript Biotech Corporation (China), Thermo Fisher Scientific, Inc. (US), Pharmaceutical Product Development, LLC (US), Syngene International Ltd. (India), and Selvita S.A. (Poland) among others.
Thursday, August 27, 2020
Top 10 Best Project Management Software – All You Need to Know
Wednesday, August 26, 2020
Cell Viability Assays Market - Major Surge in Revenue is Expected by 2023
Research Methodology Used for This Study:
Top-down and bottom-up approaches were used to validate the size of the global cell viability assays market and estimate the size of other dependent sub markets. Various secondary sources such as directories; industry journals; databases such as D&B Hoovers, Bloomberg Business, and Factiva; and annual reports of companies have been used to identify and collect information useful for the study of this market. Primary sources such as experts from both the supply and demand sides have been interviewed to obtain and validate information as well as to assess the dynamics of this market.
Target Audience:
# Manufacturers of cell viability instruments and consumables
# Distributors of cell viability instruments and consumables
# Research and development organizations
# Hospitals and clinics
# Diagnostic centers
# Market research and consulting firms
# Venture capitalists and investors
The cell viability assays market is expected to reach USD 4.16 billion by 2023 from an estimated USD 2.78 billion in 2018, at a CAGR of 8.4%.
The major factors driving the growth of this market include the rising incidence and prevalence of chronic and infectious diseases, growing availability of funds for research, rising demand for cell-based assays in research, and increasing focus on the development of cell-based therapeutics.
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By application, the drug discovery & development application segment is estimated to hold the largest share in 2018
Based on application, the cell viability assays market is segmented into drug discovery & development, basic research, stem cell research, clinical & diagnostic applications, and other applications. In 2018, the drug discovery & development application segment is expected to account for the largest share of the global cell viability assays market. The large share of this segment can be attributed to the rising incidence and prevalence of chronic and infectious diseases and increasing government support for developing new treatments for various human diseases.
Objectives of the Study:
# To define, describe, segment, and forecast the global cell viability assays market by product, application, cell type, end user, and region.
# To provide detailed information about the factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges).
# To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market.
# To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players.
# To forecast the size of the cell viability assays market in five main regions (along with major countries) North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
# To profile key players in the global cell viability assays market and comprehensively analyze their core competencies and market shares.
# To track and analyze competitive developments such as mergers and acquisitions; new product/technology launches; expansions; collaborations and agreements; and R&D activities of the leading players in the global cell viability assays industry.
By end user, the pharmaceutical and biotechnology companies segment is estimated to hold the largest share of the cell viability assays market in 2018
On the basis of end user, the cell viability assays market is segmented into pharmaceutical and biotechnology companies, hospital and diagnostic laboratories, academic and research institutes, and other end users (food and beverage companies and environmental testing companies). The pharmaceutical and biotechnology companies segment is expected to account for the largest share in 2018. The large share of this segment can be attributed to the increasing number of R&D activities undertaken by these companies for the development of biopharmaceutical products.
Major Growth Restraint:
# High Cost of Instruments
Opportunities:
# Emerging Markets
# Growing Focus on Stem Cell Research
North America to dominate the market in 2018
North America is expected to account for the largest share of the cell viability assays market in 2018, followed by Europe and Asia Pacific. The growing incidence rate of various infectious diseases, investment initiatives by the government, and the high-quality infrastructure for clinical and laboratory research are the major factors responsible for the large share of the North American cell viability assays market. Moreover, a number of major global players are based in the US, owing to which, the US is a center for innovation in the cell viability assays market.
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Global Industry Leaders:
Players in the global cell viability assays market, such as Thermo Fisher Scientific (US), Bio-Rad Laboratories (US), Merck (Germany), GE Healthcare (US), BioTek Instruments (US), PerkinElmer (US), Promega Corporation (US), Biotium (US), Abcam plc (UK), Canvax (Spain), Abnova (Taiwan), G-Biosciences (US), Creative Bioarray (US), Danaher Corporation (US), and Becton, Dickinson and Company (US).
These leaders are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies of product launches, expansions, agreements, collaborations, and acquisitions.
Monday, August 24, 2020
Project Management Software - A Major Revolution is Underway
Global ePrescribing Market - Major Growth Trends to Boost Global Revenue
The study involved four major activities in estimating the size of the global ePrescribing market. Exhaustive secondary research was done to collect information on the utilization of different solutions and their regional utilization trends. Industry experts further validated the data obtained through secondary research through primary research.
The global ePrescribing market size is projected to reach USD 3.3 billion by 2025 from USD 1.2 billion in 2020, at a CAGR of 23.3%.
Furthermore, the market size estimates and forecast provided in this study are derived through a mix of the bottom-up approach (country-level adoption of various EHR solutions and utilization of ePrescribing funcitonality) and top-down approach (assessment of utilization/adoption/penetration trends, by type of product& service, delivery mode, end user, and region). After that, market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments.
Factors such as the increasing adoption of EHR solutions, government initiatives and incentive programs, rising focus on reducing the abuse of controlled substances, increasing focus on reducing medical errors, and the need to curtail the escalating healthcare costs are driving the growth of the e-prescribing market.
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Additionally, the onset of the COVID-19 pandemic has accelerated the use of telemedicine modules and telehealth consultations. This is further driving the adoption of e-prescribing solutions. However, the high cost of deploying e-prescribing solutions, reluctance among healthcare professionals to adopt these solutions, and concerns regarding security and workflow are expected to restrain the growth of this market to a certain extent during the forecast period.
Recent Developments:
# In April 2020, DrFirst (US) partnered with ID.me (US) to help users of the company’s e-prescribe app to verify their identities within a few minutes. This is expected to speed up the process for clinicians to prescribe drugs.
# In July 2019, NextGen Healthcare(US) announced its partnership with Optimize Rx (US) to provide real-time access to critical financial information, allowing providers to help patients choose appropriate medication plans, as per their cover and budgets. This tool has been integrated with the company’s ehr workflow.
# In june 2019, Allscripts (US) acquired ZappRx (US) to help Veradigm’s e-prescribing solutions by integrating it with the automate prior authorization platform, thus adding value to its existing platform.
The solutions accounted for the largest share of the ePrescribing market, by type of product & service, in 2019.
Based on product and service, the e-prescribing market is segmented into solutions and services. The solutions segment is further categorized as integrated and standalone solutions, and the services segment is categorized as network, support and maintenance, implementation, and training and education services. In 2019, the solutions segment accounted for the largest share of the e-prescribing market. The large share of the solutions segment can be attributed to the growing focus on minimizing the abuse of controlled substances, increasing adoption of e-prescribing, government initiatives and incentive programs to increase the adoption of e-prescribing solutions.
North America will continue to dominate the ePrescribing market in 2025
In 2019, the large share of this North American region can be attributed to the stringent legislative and accreditation requirements regarding healthcare, high adoption of HCIT technologies, regulatory requirements regarding patient safety, and the presence of a large number of e-prescribing solution providers in the region.
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Major Leaders:
Major players in this market pursued the strategies of agreements, collaborations, and partnerships as their growth strategies.
Prominent players in the global e-prescribing market are Epic Systems Corporation (US), Cerner Corporation (US), Allscripts (US), NextGen Healthcare (US), athenahealth, Inc. (US), RelayHealth, LLC (US), Henry Schein, Inc. (US), GE Healthcare (US), Computer Programs and Systems Inc. (US), DrFirst, Inc. (US), Surescripts-RxHub, LLC (US), and Medical Information Technology, Inc. (US).
Friday, August 21, 2020
Top 5 Reasons To Use A Project Management Software
Project management software helps project managers and other team members associated with projects, to plan, manage and deliver projects of all sizes and kinds. Project management software has been created to plan and store project tasks and events, arrange agendas and deadlines, address project problems, allocate and manage project related expenses, set-up association and support amongst project members, manage quality, bring together project teams and manage human resources, as well as project updates. Best Project management software allows organizations to handle their projects through all the stages of project life cycle, right from project ideation and commencement to project implementation and conclusion.
MAJOR USES OF PROJECT MANAGEMENT SOFTWARE
Use: Planning
Description:
A project management software helps users to plan the approach of a project from ideation to completion. It helps in: Defining a feasible approach for the project and helps in picturing the activities that are codependent; summarizing the project agenda and setting-up deadlines; and sorting critical tasks and assigning relevant resources for each task.
Use: Task Management
Description:
One of the critical functions of a best project management software is to facilitate users in managing tasks and monitoring them. In several cases, this is the main functionality that project managers expect a project management software to do. This function can be used right on to the unit level to the macro level. Users may deploy a robust software for complicated projects or simple software for small projects. The software helps in managing staff and resources, tasks, delivery deadlines, and results. Project Management Software usually come equipped with a visual interface that enables users to know more about the team’s skills and assign them with relevant tasks.
Use: Collaboration
Description:
Working in collaboration with team members, dealers, senior leadership, and other participants is very important for successful completion of any project. Collaboration is possible amongst people operating from the same location or even amongst the participants operating from different locations but working for a same project. Several project management software offer robust tools and functionalities that allow users to share and store documents, interact over the cloud via multiple channels including VoIP, email, IM, wikis, etc.
Use: Manage Priorities
Description:
Project timetable always have the possibility to diverge from the agreed plan due to an unexpected event or additions or modifications to the project. In such situation, it is important that the project members remain well aware of the tasks to be completed. Most of the project management software come equipped with a basic calendaring feature, which allow project members to quickly complete deliverables by arranging agendas of teams that work on codependent tasks. Users can also monitor and sort the tasks that are essential for other tasks during planning and halfway to the project, when changes can influence on the original plan.
Use: Address Issues
Description:
Some highly technical and complicated projects most probably encounter problems that can alter the project delivery deadlines or the entire deliverable. These issues can anything from bugs, to breakdowns, or gaps that arise post the completion of a task or the project. Some dedicated Project management software have the capability to track bugs and recognize the root cause of the problem which also helps users in addressing the issue within time.
Bottom line
Above mentioned uses of project management software help in keep all the project participants focused. With new technologies and innovations evolving every day, an assortment of templates are readily available which help in managing projects right from the start till the time they are delivered.
With the growing size of businesses and more people being associated, deploying a project management software can be beneficial for the business as well as the employees. A best project management software always helps in improving performance, workflows, enhances team collaboration, etc. It has certainly become an essential factors in successfully completing and delivering projects.
Suggested Read: Top 8 Project Management Software in 2020
360QUADRANTS SCORING METHODOLOGY
The top companies in the best Project Management Software market will be rated using the following methodology:
1. A highly experienced team of researchers and senior analysts conducts extensive research to generate a list of vendors (competitors).
2. A patent-pending algorithm is used to collect inputs from key stakeholders—industry experts, buyers, vendors, and 360Quadrants analysts—based on criteria for Strength of Product Portfolio and Business Strategy Excellence.
a. Criteria under Strength of Product Portfolio include breadth and depth of product/service offering, product features and functionalities, product differentiation, and their impact on customer value.
b. Criteria under Business Strategy Excellence include geographical footprint, partner ecosystem, financial stability, and client coverage or sector footprint.
3. Approximately 90+ in-depth parameters will be considered for research into the best Project Management Software market. These parameters will be updated every six months to ensure the latest developments are taken into consideration.
4. A weight is assigned to each stakeholder based on information gathered pertaining to the above criteria as well as inputs from stakeholders. These inputs follow the order of priority given below:
a. Buyers
b. Industry Experts
c. 360Quadrants Analysts
d. Vendors (Competitors)
5. The inputs are analyzed, and a final rating is assigned to each vendor (competitor).
6. After the finalization of ratings, each vendor is placed in the most relevant quadrant based on its score.
ABOUT 360QUADRANTS
360Quadrants is the largest marketplace looking to disrupt USD 3.7 trillion of technology spends and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insight using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in a niche space, to be consumed by giants and startups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide. The platform has around 400 total buyers across various markets.
360Quadrants will also be launching quadrants in fields like Accounting Software, Embedded Systems, and Virtual Machine Software.
Contact:
Mr. Agney Sugla
agney@marketsandmarkets.com
630 Dundee Road, Suite 430
Northbrook, IL 60062