Controlled Substances Market is Slated to Witness Tremendous Growth in Coming Years

Approval of medical marijuana has been on a significant uptick in various states of the US, trailed by the legalization in Canada for both recreational and medicinal use recently. This has tremendously contributed to the popularity of cannabis stocks, alongside efforts of leading controlled substance manufacturers toward eliminating legal barriers and attracting investor interest. The study estimates marijuana sales in 2019 to record a Y-o-Y growth at 9.3% over 2018.

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“The Schedule of Controlled Substances currently positions marijuana in Schedule 1 – the most restrictive one reserved for “high potential for abuse,” “lack of accepted safety” and “no accepted medical use” drugs. Federal scheduling of marijuana has been a key concern among producers and medical patients alike, despite legalization of cannabis in the US and Canada. The US Drug Enforcement Administration has recently removed cannabidiol from Schedule 1, post-FDA approval of non-synthetic, cannabis-derived medicine. Marijuana businesses have cheered the DEA’s action, as it alludes the beginning of regulatory relaxation to the cannabis industry,” according to a lead analyst at Fact.MR.

The study opines that pain management will continue to account for over one-fourth share of the controlled substances market in 2018. Several regulatory norms being implemented in the prescription of controlled substances for pain management, such as in Georgia, Michigan, and Florida, have further triggered the preference and adoption of controlled substances to manage and treat chronic as well as acute pain. Attention deficit hyperactivity disorder (ADHD), and anxiety are other medical conditions wherein controlled substances are expected to witness promising future prospects, according to the study.

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The entrance of pharmaceutical giants in the cannabis sector of Canada alludes the next significant trend in the controlled substances industry, offering additional credibility to the sector. Although the pharmaceutical part of the expression involves the missing link, an ongoing trend of M&A and entrance of these legacy industries is poised in 2019 and the foreseeable future. There has been a drought in direct investments from the pharmaceutical industries in the licensed medical marijuana producers, it is highly likely that the trend would change, as the US witnesses the federal legalization of cannabis. Big pharmaceutical companies that eye collaborations and partnerships with cannabis producers having competitive differentiation circling their R&D initiatives, commercialization efforts, and clinical trial programs, are likely to witness significant revenue generation in the near future.

Ensuring effective and safe management of controlled drugs continues to remain an imperative agenda among pharmacists, which in turn has led the focus on fundamental changes including reviewing of liquid CD management and CD documentation to realize substantial improvements. The pharmacists are also adhering to the operational standards, completely aware about the way CDs are managed, along with identifying potential drawbacks and reporting concerns regarding non-conformance. This will result in adherence to appropriate steps that ensure apt prescription of quantities when dispensing controlled substances to patients.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Cricket Gloves Market Insights by Size, Status and Forecast 2022

Cricket is quite a polarizing game as it is followed with a passion in Commonwealth countries but is hardly understood in the rest of the world that was not influenced by the British. Cricket gloves are an important part of the cricket accessories market but the cricket gloves market has not been able to reach its full potential. This is mainly because the gentleman’s game itself has been unable to gain widespread acceptance in Europe, South America, and East Asia, hampering the growth of the cricket gloves market. In addition, the cricket gloves market is largely saturated and companies have to devise innovative marketing strategies to help their products be the ‘best amongst the rest’.

The cricket gloves market is anticipated to be at a value of approx. US$ 60 million by the end of the forecast period in 2022.

The individual segment accounts for the lion’s share of the cricket gloves market by buyer type and is likely to remain so throughout the duration of the forecast period. The individual segment is on track to be worth just under US$ 42 million by end 2022, making it imperative for key stakeholders in the cricket gloves market to target these buyers. The institutional segment is some way behind at approx. a third of the cricket gloves market. Companies could look at targeting institutions in the highly populous APEJ region particularly India, Pakistan, Bangladesh, and Sri Lanka as these countries consider the game to be their de-facto national sport and have committed large sums to it

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The modern trade channel is the most popular distribution channel with a revenue share approaching a quarter of the cricket gloves market. The modern trade channel is especially lucrative in APEJ and Europe as both these regions are estimated to be worth more than US$ 4 million by end 2022. The franchised sports segment closely follows the modern trade channel and it represents a sixth of the cricket gloves market by distribution channel. APEJ alone contributes more than a third and it would make sense for companies to attack this region before all others in the cricket gloves market

The direct to customer online channel is currently a niche as it occupies a single-digit revenue share in the cricket gloves market. However, there is a strong possibility that it may become increasingly important in the days ahead as a result of improving Internet connectivity and the flexibility and convenience offered by ecommerce channels. Ecommerce is anticipated to have the maximum impact in the APEJ region allowing the direct to customer online channel to push past US$1.5 million in this dynamic region of the cricket gloves market

The 175mm-190mm segment is the largest in the cricket gloves market by glove size and is projected to remain so. All the regions have a sluggish CAGR with respect to this segment but the greatest possibilities would be in the APEJ region. The 165mm-175mm segment is comparatively smaller and has revenue share of under 13% in the cricket gloves segment

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative

intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Golf Shoes Market to Witness Excellent Long-Term Growth by 2022

With an increasing popularity of sports like golf all over the world, there is a corresponding increase in the sales of golf equipment, including golf shoes. With rising income levels and the spread of golf all over the world, the market for golf shoes is demonstrating a steady rise in demand. In order to cater to the needs of the golfers, manufacturers are focusing on expanding their product portfolio and gain a decisive foothold in this lucrative market. Besides, advances in technology have enabled to produce lightweight golf shoes, which are comfortable to wear and aid in the performance of the golfers. Such advances in technology for making superior golf shoes are going to have a positive effect on the golf shoes market. However, the shrinking interest in golf in the United States, one of the important and lucrative markets for golf equipment, including golf shoes, may hurt the growth of this market.

The global golf shoes market is slated to touch a value of nearly US$ 8,504 Mn in the year 2022 and grow at a sluggish CAGR during the assessment period.

4 Forecast Highlights on Global Golf Shoes Market

As per the forecast of Fact.MR, the spikeless golf shoes segment is slated to touch a value of nearly US$ 2,290 Mn in the year 2022. This represents a sluggish CAGR growth during the assessment period of 2017-2022. The spikeless golf shoes segment is estimated to account for more than one-fourth of the revenue share of the product type segment by the year 2017 end and is expected to lose in market share by the year 2022 end.

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As per the forecast of Fact.MR, the departmental stores segment will reach a value of nearly US$ 1,530 Mn in the year 2017. This represents a sluggish CAGR growth during the forecast period. The departmental stores segment is estimated to account for more than one-fifth of the revenue share of the distribution channel segment in the year 2017 end and is expected to lose market share by the end of the year 2022.  

As per the forecast of Fact.MR, the economy segment is slated to reach a value of nearly US$ 2,690 Mn in 2022. The economy segment is expected to gain some market value by the end of the year 2022. The largest share is contributed by the Europe region in the economy segment.  

Fact.MR forecasts the men golf shoes segment to grow from nearly US$ 3,325 Mn in 2017 to nearly US$ 3,930 Mn in 2022. This represents a compound annual growth rate (CAGR) of 3.4% from 2017 to 2022.

The report has also profiled leading players in the global market for golf shoes, which will remain active through 2022. These include companies such as Under Armour, Inc., Callaway, ASICS Corporation, NIKE, Inc., Acushnet Company, Inc., Adidas AG,New Balance INC, PUMA SE, Skechers INC, Peter Millar and Amer Sports Corporation

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative

intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us

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Pregnancy Point of Care Testing Market Manufacturing Base And Participants, Commercial Summary

Pregnancy point of care testing market revenues reached US$ 1.2 billion in 2018, according to new study by research firm Fact.MR. Increasing need for rapid and accurate diagnostics with the emergence of advanced technologies is providing an impetus to the ongoing developments in the pregnancy point of care testing market. The study opines that the market will envisage nearly 5% y-o-y in 2019 over 2018, with growing adoption of innovative technologies likely to redefine future trends.

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Manufacturers are capitalizing on the increasing ubiquity of smartphones by introducing next-generation pregnancy point of care testing devices that can be connected to smartphone applications, finds Fact.MR. Smartphone-based pregnancy point of care testing products are emerging as a promising alternative to traditional laboratory-based diagnostic testing practices. Leading manufacturers are launching innovating products with smartphone connectivity to cater to the end-users’ demand for easy-to-use at-home pregnancy test kits.

In addition, the study also finds that modern smartphone-based pregnancy point of care testing devices are reducing in size, cost, as well as complexity, and this is an important factor to boost growth of the pregnancy point of care testing market. A mounting number of small businesses are entering the pregnancy point of care testing markets in developing regions and launching innovative smartphone-based products at competitive prices to attract consumers in emerging economies. The study opines that increasing number of new players in the market and growing price gap between leading players and new entrants will influence growth of the global pregnancy point of care testing market in the coming decade.

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The Fact.MR study finds that leading manufacturers in North America are adopting advanced technologies for competitive advantages with the launch of more reliable and rapid diagnostics. Despite the ambiguity about the accuracy of commonly available pregnancy point of care testing devices, consumer adoption of these products remains high.

With the adoption of innovative marketing strategies and collaborations with various distributors in the region, manufacturers are gearing up to capitalize on lucrative sales opportunities in the North American pregnancy point of care testing market. Fact.MR opines that, though South Asia is emerging as a high-growth market for pregnancy point of care testing market, North America will continue to remain an important regional market for stakeholders in the foreseeable future.

The Fact.MR study offers the futuristic overview of the pregnancy point of care testing market for the forecast period 2018-2028. The study opines that the market will grow at a healthy 4.5% CAGR during the assessment period.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

11140 Rockville Pike
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E: info@factmr.com
Blog: https://theheraldmedia.com/

Gym Equipment Market Comprehensive Analysis: Check Latest Strategic Moves of Emerging Players

Global gym equipment market is set to exhibit an above average CAGR between 2017 and 2022, as per the latest study conducted by Fact.MR. The study also reveals that the global market for gym equipment will surpass a valuation of US$ 7,600 Mn by 2022-end.

Individuals are progressively enrolling themselves in fitness clubs and gyms in order to stay fit and healthy. A sedentary lifestyle that is followed by a majority of modern consumers is frequently linked with the cause of obesity, mental stress and various choric diseases. This, in turn, has triggered the urgency to adopt a healthier lifestyle. In addition, government authorities in various countries are initiating programs to encourage people to get enrolled in recreational activities that involve intensive physical exercise. The aforementioned factors are expected to reflect favorably on the global gym equipment market during the forecast period. Moreover, the arrival of smart wearable technologies and smartphone application that can monitor user’s health, assist in training and analyze performance has been instrumental in popularizing various gym apparatus and innovative exercise equipment.

In recent years, the number of fitness clubs and gyms has increased significantly. Manufacturers are focusing on development of application-specific equipment compatible with personal devices, which is also expected to support the expansion of the global market for gym equipment. 

Global Market for Gym Equipment – Key Projections 

In terms of revenue, Europe is anticipated to dominate the global gym equipment market over the next few years. Between 2017 and 2022, the market in Europe gym is expected to remain highly attractive and register to a sound CAGR.

North America and Asia-Pacific excluding Japan (APEJ) are expected to emerge as the two other lucrative markets for gym equipment during the assessment period.

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Based on product type, the cardiovascular machines segment is projected to retain its leading position over 2022. The segment currently commands for nearly 17% revenues share of the global market. Meanwhile, ground base equipment are expected to remain the second largest product type segment during the forecast period.

Sport stores and online retail stores are the two largest distributional channels for gym equipment. Both the distributional channel segments collectively account for close to two-third market share in terms of revenue. However, sport store distribution channel segment is project to witness a higher CAGR over 2022.

By buyer type, the institution segment is projected to hold its dominant position through 2022. The segment currently commands for over one-third revenue share of the market and anticipated to reflect a healthy CAGR of 5.1% over the forecast period.

Competition Tracking

Technogym SpA, Brunswick Corporation, Nautilus, Inc, Johnson Health Tech Co. Ltd., Torque Fitness LLC, Amer Sports Corporation, Icon Health & Fitness, INC, Core Health and Fitness LLC, Cosco Capital, Inc., and Impulse Healthtech Co. Ltd. are among the top companies operating in the global market for gym equipment

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative

intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us

Fact.MR

11140 Rockville Pike

Suite 400

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Email: sales@factmr.com

Web: https://www.factmr.com/