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Wood Flooring Market Size, Share And Major Industry Players Forecast (2020-2027)
The global wood flooring industry is expected to showcase a considerable growth by reaching USD 41,682.2 million by 2027. This is attributable to the increasing government support to promote wood products for construction activities and the surging demand for consumer-friendly building designs that propel the demand for advanced wood flooring solutions globally. This information is published by Fortune Business Insights, in its latest report, titled, “The report mentions that the market stood at USD 33,279.5 million in 2019 and is likely to exhibit a CAGR of 3.6% between 2020 and 2027.

DRIVING FACTORS

Increasing Government Support to Promote Wooden Products to Surge Demand

The extensive adoption of constructional products such as gravel, cement, steel, and plastic leads to environmental stress. The growing demand for the adoption of sustainable products is propelling the government to promote wood products that are natural and easily decomposable. This is expected to drive the demand for advanced wood flooring solutions across the globe. In addition to this, the adoption of consumer-friendly design that appeals aesthetically is anticipated to bode well for the growth of the global wood flooring market in the forthcoming years.


REGIONAL INSIGHTS

Favorable Government Policies to Promote Wood Products in Asia-Pacific to Aid Growth

Among all the regions, Asia-Pacific stood at USD 19,665.1 million in 2019 and is expected to hold the largest global wood flooring market share in terms of revenue in the forthcoming years. This is attributable to the favorable government policies that promote the adoption of wood as raw materials in the construction industry in the region.

The market in Europe is expected to experience a significant growth backed by the growing focus of companies to develop heat compatible wood flooring products in the region between 2020 and 2027.

COMPETITIVE LANDSCAPE:

Key Players Focus on Partnerships to Expand Their Product Portfolio

The global wood flooring market is fragmented by the presence of major companies that focus on establishing partnerships to expand their wood flooring portfolio and gain a competitive edge over their rivals. The other key players are adopting strategies such as collaboration, the introduction of new products, and merger and acquisition that will contribute to the market growth in the forthcoming years.


Information Source:

https://www.fortunebusinessins....ights.com/wood-floor

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Patient Recruitment Services and Patient Retention Services Market, Industry Analysis, and Forecast to 2035

Clinical trials are a fundamental requirement for evaluating the safety and efficacy of novel therapeutic interventions.

Initiating a clinical trial is a complex and time-consuming process, involving suitable planning and execution. In addition, there are several other challenges, including inefficiencies related to data handling, and difficulties associated with patient enrollment and retainment, which further complicates the process. It is worth mentioning that around 80% of the clinical trials are delayed due to insufficient patient recruitment. Further, 15% to 40% of the enrolled patients drop out before the studies are completed, significantly impacting product approvals / launch timelines.

Patient Recruitment Process
Recruitment of patients for clinical studies can be tedious and challenging, often requiring a lot of time and money. Therefore, a comprehensive plan is necessary for the successful enrollment of study participants in a clinical trial.

Factors Influencing Participation In Clinical Trials
There are various factors that influence the willingness of an individual to participate in clinical research.

Patient Outreach Methods and Retention Strategies
In order to meet the enrollment goals, sponsors, clinical research organizations and patient recruitment firms adopt a diverse range of patient outreach and recruitment strategies. Traditional media (newspapers, radio and television) is a widely used tool for targeting local audience and encouraging them to participate in clinical trials. However, there are certain emerging techniques, including electronic medical records, mobile applications, patient advocacy groups and social media that are revolutionizing the patient recruitment domain and are expected to reduce the timelines as well as cost of the clinical trials significantly.

In addition to patient enrollment, retention of the patients in the clinical trials is equally important for the success of the research study. Presently, a number of players offer different patient retention services, such as study-branded gifts and reminders, education and support materials, reimbursement programs, transportation programs, patient engagement websites, patient reconnect programs and mobile applications.

Outsourcing of Patient Recruitment
One of the biggest challenges in patient recruitment services and patient retention services market is that some trials are too large or geographically broad to be managed by internal staff. It is worth mentioning that only 15% of the drug manufacturers have dedicated patient recruitment groups in place. In addition, the patient enrollment process in clinical studies is governed by various ethical and regulatory standards. As a result, sponsors are outsourcing almost all the non-core activities while retaining in-house research and development. Using the services of patient recruitment firms, a drug developer can expedite the enrollment of individuals in trials. Further, these firms have specific teams to develop promotional strategies for better patient enrollment.

Concluding Remarks
The availability of various digital data generation and management platforms has contributed significantly to the advancement of patient recruitment and retention domain. However, very few companies have the required expertise and resources to carry out effective patient enrolment and engagement in the clinical studies. In addition, clinical trials evaluating orphan drugs and personalized therapies require a specialized pool of eligible patients, having a specific and potentially rare, genetic / phenotypic / indication-related profile, which is a major challenge for drug developers. As a result, outsourcing the patient recruitment operations to contract service providers has gained popularity as an operational model.

For more information, please click on the following link:
https://www.rootsanalysis.com/....blog/patient-recruit

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About Roots Analysis
Roots Analysis is a global leader in the pharma / biotech market research. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights.

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