Fermentation Chemicals Market: An Overview of Growth Factors and Future Prospects 2013 - 2019

Fermentation Chemicals Market was USD 41,567.7 million in 2012 and is expected to reach USD 60,123.9 million by 2019, growing at a CAGR of 5.4% from 2013 to 2019. The global demand for fermentation chemicals was 48,708.3 kilo tons in 2012.

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Fermentation chemicals are mainly employed as process initiators in the manufacturing of wide variety of chemicals. Industrial applications market is the largest application area for fermentation chemicals followed by the food and beverages market. However, nutritional and pharmaceutical, plastics and fibers are fast growing applications of fermentation chemicals and are expected to gain a significant market share over the next six years. Fermentation chemicals are mainly used as alcohols, enzymes and organic acids. The strong global demand for alcohols is the major driver for the growing consumption of fermentation chemicals. Fermentation chemicals market is expected to grow at a CAGR of 4.3% from 2013 to 2019.

The industrial applications segment dominates the demand for fermentation chemicals and accounted for 47.1% of the global demand in 2012. Growing pharmaceuticals market in the U.S. and rising consumption of alcohol across the globe were the major growth drivers for fermentation chemicals. Another important market for fermentation chemicals is food and beverages industry, which accounted for 20.4% share of the total fermentation chemicals volume consumed in 2012. The growing demand for alcohols, enzymes and organic acids in the food and beverages, nutritional and pharmaceutical industries is expected to drive the global fermentation chemicals market in the next six years.

The global fermentation chemicals market is dominated by North America, which accounted for 33.9% of global volumes consumed in 2012. Growth of fermentation chemicals market in North America is principally driven by the rising consumption from the pharmaceutical and food and beverages industry in the U.S. North America was followed by Asia Pacific with 27.1% share in total volume consumption. The saturation in the North American and European market has led the major player players to focus on the highly attractive Asia Pacific market. The key players in the fermentation chemicals market are Ajinomoto Company Incorporation, BASF SE, Dow Chemical Company, Novozymes A/S, Cargill Incorporation, Evonik Industries and Du Pont Danisco A/S among others.

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Fermentation Chemicals Market - Product Segment Analysis:

·         Alcohols

·         Enzymes

·         Organic Acids

·         Others

Fermentation Chemicals Market - Application Segment Analysis:

·         Industrial Applications

·         Food and Beverages

·         Nutritional and Pharmaceutical

·         Plastics and Fibers

·         Others

Fermentation Chemicals Market - Regional Analysis:

·         North America

·         Europe

·         Asia Pacific

·         Rest of the world

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Prefilled Syringes Market Expected to Reach USD 4.98 Billion Globally in 2019

The global Prefilled Syringes Market was valued at USD 2.09billion in 2012 and is expected to grow at a CAGR of 13.3% from 2013 to 2019, to reach an estimated value of USD 4.98billion in 2019.

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Prefilled syringes are advanced drug delivery devices filled with single measured dose of high-end injectable drugs. Thesesyringes are gradually becoming the most preferred delivery devices for various categories of injectable drugs, mainly due to the advantages offered to drug manufacturers, healthcare providers and patients over conventional vial and ampoule packaging systems. To drug manufacturers, they are important because they reduce overfill to 4%-5% from 20% in vials, and thus, are preferred for dispensing therapeutic classes (mainly biologics) which are expensive. With respect to healthcare providers and patients, prefilled syringes help with factors such as ease of operation, low risk of contamination and accurate dosing.

Glass has been the most preferred material over decades for syringe manufacturing, owing to its properties such as non-reactive nature, robustness, transparency and tolerability against heat. Consequently, glass based prefilled syringes accounted for the larger share(more than 90%) of the total market in 2012, both by revenue as well as volume.Sincethe past few years, the industry is witnessing a shift towards the usage of plastic in place of glass in response to some significant disadvantages associated with glass, such as high risk of breakability and increased level of leachability from silicone layer in the presence of biologics. Under the influence of continued development in the area of polymer technology, the market for plastic based syringes is expected to grow at a CAGR more than double of that of glass syringes duringthe forecast period from 2013 to 2019. Nevertheless, glass syringes will still dominate the total global market for prefilled syringes in 2019, in terms of percent share by revenue as well as volume.

Boost in the use of biologics and other potent injectable drugs, technical advances in prefilled syringe manufacturing and packaging, rising demand for self-administration and increasing elderly population suffering from various chronic diseases that require frequent parenteral dosing are some major drivers anticipated totrigger market growth during the forecast period. On the other hand, burgeoning concerns regarding needlestick safety and prevention, rising manufacturing costs and issues with drug stability are some of the challenges likely to affect the growth of the global prefilled syringes market.

Geographically, Europe constituted the largest market share for prefilled syringes in 2012, owing to the high adoption rate of these delivery devices in the region. However, the North American market is predicted to grow at a higher CAGR (15%) thanEurope during the forecast period to reach a value similar to that of the European market. Major drivers expected to contribute to this market growth include increasing awareness regarding benefits of prefilled syringes and presence of a large number of biopharmaceuticals under clinical development targeted for parenteral administration. In addition, the high growth economies of emerging nations such as India, China, Brazil, Russia and Mexico are attracting manufacturers to invest in these lucrative markets. Japan is a well-established market for prefilled syringes among Asian countries.

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The market for prefilled syringes is oligopolistic in nature and is dominated by a few key players, namely, Becton, Dickinson and Company, Gerresheimer AG, Nipro Corporation, Schott AG and Stevanato Group. Other vendors operating in the market include Unilife Corporation, West Pharmaceutical Services, Inc., Baxter International, Inc. and Ypsomed Holding AG.

The global prefilled syringes market is segmented as follows:

Prefilled Syringes Market, by Segment

• Glass Prefilled Syringes Market

o    By Revenue (USD Million)

o    By Volume (Million units)

o    Plastic Prefilled Syringes Market

o    By Revenue (USD Million)

o    By Volume (Million units)

Prefilled Syringes Market, by Geography

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Medical Transcription Services Market: An Overview of Growth Factors and Future Prospects

Medical Transcription Services Market was valued at USD 41.4 million in 2012 and is expected to grow at a CAGR of 5.6% from 2013 to 2019, to reach an estimated value of USD 60.6 million in 2019.

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Medical transcription (MT) is one of the application based domains of healthcare management and is currently facing intense transformation. Factors such as infrastructural initiatives taken up by governments, implementation of electronic health record systems in developed nations, automation of healthcare operations and growing concerns for offering better, safe and swift healthcare service to the patients will have an impact on the current model of medical transcription industry.

The global medical transcription is segmented on the basis of service types and by the mode of procurement of transcription services. Based on service type, the medical transcription services is classified into History and Physical Report (H&P), Discharge Summary (DS), Operative Note or Report (OP), Consultation Report (CONSULTS), Others (Pathology Report (PATH) & Radiology Report (x rays or radiographs)) market. The market share of CONSULT reports is largest among all the other reports in the medical transcription services market as these reports are repeatedly produced for single patients undergoing treatment each time the patient visits the specialist. It is expected that the global market fort CONSULT reports will reach USD 21.1 million with the market growing at a CAGR of 3.3% from 2013 to 2019. Earlier H&P reports were made only for hospitalized patients and patients undergoing treatment which involved several visits to specific clinics or hospitals but currently H&P reports are made for both inpatients as well as outpatients to reduce the risk of reimbursement issues. This has increased the share of H&P reports in the overall medical transcription services market.

Any healthcare institute in order to acquire medical transcription service can either outsource the job to a domestic medical transcription service organization, offshore or opt for both methods. Outsourcing is the most preferred mode of service procurement in medical transcription with the market share of 62.2% in 2012. In addition, large internationally operating healthcare organizations prefer to opt for both the modes of service procurement, due to reasons such as ease of operations, rapid turnaround times and easy allocation of monetary resources on the basis of nature of reports.

Asian countries such as India and Philippines are some of the leading hubs for offshoring of transcription services. Most of the offshored business is captured by these countries and is supported by government incentives and subsidies for setting new business and expansion of existing business units. United Arab Emirates (UAE) and Latin America are emerging markets in RoW followed by Qatar. North America currently dominates and is expected to retain its position in the medical transcription services market in the future. Growth drivers for this market in North America are factors such as rise in aging population and passing of Patient Protection and Affordable Healthcare Act, 2013. The North America medical transcription services market was worth more than USD 18 million and is expected to grow at a CAGR of over 5% in the forecast period.

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The global medical transcription services market is highly competitive in nature with a large number of market consolidation activities being conducted in the past ten years. Some of the key market players operating in this market include Acusis LLC, Nuance Communications,Inc., MModal, Inc., iMedX Information Services Pvt. Ltd, Precyse Solutions LLC, Scribe Healthcare Technologies, Inc., Superior Global Solutions, Inc., Transcend Services, Inc. and TransTech Medical Solutions.

The global medical transcription services market is segmented as follows:

Medical Transcription Services Market, by Service Type

• History and Physical Report (H&P)
• Discharge Summary (DS)
• Operative Note or Report (OP)
• Consultation Report (CONSULTS)
• Others (Pathology Report (PATH) & Radiology Report (X-rays or radiographs))

Medical Transcription Services Market, by Mode of Procurement

• Outsourcing
• Offshoring
• Both

Medical Transcription Services Market, by Geography

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Breath Analyzers Market: An Overview of Growth Factors and Future Prospects

Transparency Market Research "Breath Analyzers Market (Technologies: Fuel Cell, Infrared Absorption and Semiconductor Sensor; Applications: Alcohol Detection, Drug Abuse Detection, Tuberculosis Detection and Asthma Detection) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” the global breath analyzers market was valued at USD 402.1 million in 2012 and is estimated to reach a market worth USD 4,518.4 million in 2019 at a CAGR of 41.3% from 2013 to 2019.

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A rise in the trend for excessive alcohol consumption coupled with a rise in the number of road accidents has led to an increase in the usage of breath testing devices. Moreover, augmented demand from the healthcare sector for disease diagnosis along with strong government support are some of the factors responsible for boosting the uptake of breath analyzers, resulting in the overall growth of the breath analyzers market. Breath analyzers are the devices used for estimating blood alcohol content through an exhaled breath. Breath analysis is considered an indispensable tool for the screening of alcohol, drugs, asthma, tuberculosis and other diseases. These devices are gaining importance owing to their non-invasive nature, reliable and accurate result delivery over blood or urine test.

In the U.S. nearly half of road accidents are estimated to occur due to excessive alcohol consumption and drug abuse. Similarly, the number of deaths soared by 26% in Britain due to drunk driving in 2012. Thus, alcohol enforcements remain a priority for governments across the globe. Governments of various countries are strictly enforcing safety laws and are heavily emphasizing on work safety issues. Moreover, they are compelling organizations, vehicle owners and others to install portable breath analyzers at their work places.

In the global breath analysis market, the fuel cell technology segment accounted for the largest share and is anticipated to lead the market during the forecast period. The growth in this segment is attributed to technology efficiency, accuracy and the increasing popularity of breath testing devices. The alcohol testing segment accounted for the largest share of the market owing to the rising trend of road accidents and other causalities due to excessive alcohol consumption. The tuberculosis detection market is anticipated to show highest growth of 44.7% from 2013 to 2019. The growth in this segment is attributed to increasing incidence of tuberculosis especially in developing countries and increasing demand for a non-invasive surgery and accurate screening tool.

Geographically, North America accounts for the largest share of the breath analyzers market followed by Europe. The growth in this region is attributed to multiple factors such as rising awareness, increased government initiatives and a growing need for alcohol testing devices to curb risk of casualties arising out of excessive alcohol consumption. Moreover, dominance in this region is also witnessed due to increasing focus on development of breath testing devices for medical diagnosis. Despite the developed countries holding the major share, the Asia-Pacific region is likely to emerge as the fastest growing market during the analysis period. The market in this region would be influenced by the growing number of vehicle users and rise in disposable incomes that has recently reported a sudden rise in number of accidents due to excessive alcohol consumption, thereby increasing the demand for breath testing devices, consequently accelerating the growth of this market.

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Key players of this market include Alcohol Countermeasure Systems Inc., Dragerwerk AG & Co, Ekips Technologies, Inc., MPD, Inc., Intoximeters, Inc., Lifeloc Technologies, Inc., among other significant players.

The breath analyzers market is segmented as follows:

• Breath Analyzers Market, by Technology
• Fuel Cell
• Semiconductor Sensor
• Infrared Absorption

• Breath Analyzers Market, by Application
• Alcohol Detection
• Drug Abuse Detection
• Asthma Detection
• Tuberculosis Detection
• H.pylori Infection Detection
• Others

• Breath Analyzers Market, by Geography
• North America
• Europe
• Asia-Pacific
• RoW

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

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Teleradiology Market Share 2013-2019

The global teleradiology market was valued at USD 0.92 billion in 2012 and is expected to grow at a CAGR of 22.3% from 2013 to 2019, to reach an estimated value of USD 3.78billion in 2019.

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Teleradiology encompasses the electronic transmission of radiography images from a remote location to an urban healthcare set up via internet technology. Teleradiology tends to bridge the gap between the imbalanced demand and supply of radiologists and diagnostic services across the globe. Efficient image transfer demands three major components namely image capture and sending station followed by telecommunication channels (such as internet) and lastly, image receiving station. Initially, the image transfer process was undoubtedly tedious and time consuming coupled with no assurance of image clarity and quality.Presently, teleradiology industry is witnessing the rapid evolution of image processing and transmission tools and technologies.

Presence of avant-garde radiology equipment coupled with hi-tech transmission channels and new age software's have rendered speed and accuracy to the process. Also, with the increased implementation of PACS, Radiology Information System (RIS), etc. has further favored the production of immediate yet accurate reports to the concerned physician/clinician/surgeon. The burgeoning demand for qualified radiologists, constant technological innovations followed by improved healthcare awareness are some of the major factors that encourage the growth and acceptance of global teleradiology technologies and services. Also, increasing sophistication in medical imaging platforms along with increasing rate of imaging utilization will further drive the development and evolution of teleradiology trends spread across geographies.

Global teleradiology market can be analyzed by four major geographical locations namely, North America, Europe, Asia-Pacific and Rest of the World (RoW). These geographical locations are further evaluated on the basis of the type of imaging modalities being used such as x-ray, ultrasound, computerized tomography (CT) and nuclear imaging.Of these modalities, evolution of x-ray teleradiology has been commendable as compared to other imaging modalities majorly due to low cost, less turnaround time and high level of healthcare awareness.The other lucrative modalities constitute CT, Ultrasound and MRI teleradiology during the forecast period from 2013 to 2019. Consistent technological upgradations of medical imaging equipment followed by improved healthcare informatics enhances the acceptance level of teleradiology technologies and services.

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At a regional level, North America was the largest market in 2012 for teleradiology, followed by the European region. This is attributed to rapid technological innovations, large consumer base and high disposable income. Also, presence of well-equipped healthcare institutions along with ready acceptance of novel approaches in medicine will lead to rapid growth and development of teleradiology practices in the above mentioned markets. Asia-Pacific and RoW regions are anticipated to exhibit commendable growth by 2019 due to exhaustive teleradiology service offerings, geographical location advantage and increasing healthcare expenditure in these regions.

Teleradiology market is witnessing constant market consolidation owing to increasing demand for radiologists worldwide coupled with introduction of advanced internet technologies and healthcare informatics. Some of the players of the market include Virtual Radiologic, LLC, Teleradiology Technologies, Stat Rad, Sectra ABand Radisphere National Radiology Group, Inc. are some of the teleradiology service providers.

The global teleradiologymarket is segmented as follows:

Global Teleradiology Market, by Modalities

• X-ray

• Ultrasound

• Computed Tomography (CT)

• Magnetic Resonance Imaging (MRI)

• Nuclear Imaging

Global Teleradiology Market, by Geography

• North America

• Europe

• Asia-Pacific

• Rest of the World (RoW)

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

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Nanomedicine Market is Expected to Reach USD 177.60 Billion Globally in 2019

Nanomedicine Market globally will be worth USD 177.60 billion by 2019, growing considerably from its 2012 value of USD 78.54 billion. This market is expected to achieve a compounded annual growth rate of 12.3% between 2013 and 2019.

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The report talks about the major growth areas of within the nanomedicine market over the period of forecast. The introduction of new technologies and applications in this sector will propel growth to a significant degree at the global level. Further, the initiatives taken by various governments as well as privately-funded institutions towards promoting the commercialization of new nanomedicine products will boost this market. The report also dwells on the role played by the rising geriatric population base, the prevalence of medical needs that are in need of treatment, as well as the rising incidence of chronic diseases globally. 

According to the report, the leading application segment within the nanomedicine market was that of oncology, holding a 38% share of the overall market in 2012, as a vast number of commercially available products prevail in this sector. 

The development of nanomedicine-based treatments and products that are able to directly target tumors in the brain and other bodily sites is poised to be a significant factor affecting growth in this market. 

Though the largest market segment within the nanomedicine market is that of oncology, the fastest growing segment is the cardiovascular market. According to the Transparency Market Research report, growth in this segment has been fuelled by the presence of a sizeable patient population, and a simultaneous growth in the demand for device and drugs that are based on nanomedicine. These factors are collectively anticipated to further fuel the growth of the cardiovascular segment within the nanomedicine market.

The report also carries out an in-depth analysis of the regional market share based on the applications, revenue, and products. According to the report, the nanomedicine market was largely dominated by North America in 2012. It is expected that this regional market will continue to hold its leading position in the way over the forecast period until 2019.

Though the larger market share will be held by North America, it is anticipated that the fastest growing market, by region, will be Asia-Pacific. The report states that the CAGR recorded by the Asia-Pacific market will be 14.6% between 2013 and 2019.

Furthermore, the analysis of the regional markets also concludes that the Europe region is predicted to show a growth rate that’s relatively higher than that of North America. Factors that are likely to cause this increased growth rate include: an improvement in the regulatory framework as well as the presence of a wide-ranging product portfolio in the pipeline, set to be introduced by leading market players. 

The report on the global nanomedicine market additionally comprises an overview of the key market players in a section dedicated to company profiles. These key market players include names such as: Abbott Laboratories, Merck & Co Inc, Pfizer Inc., GE Healthcare, Nanosphere Inc., and many more.

To browse through the entire ToC or to purchase the report titled “Nanomedicine Market (Neurology, Cardiovascular, Anti-inflammatory, Anti-infective, and Oncology Applications) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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