Home Automation Market to Reach USD 16.4 Billion by 2019

Home Automation Market was valued at USD 3.6 billion in 2012 and is expected to reach USD 16.4 billion by 2019, growing at a CAGR of 24.6% from 2013 to 2019. 

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Underpinning demand for a universal solution, which is easy to install and integrate with different sub-systems in a home has induced a disruptive growth phase in the industry. Broadband service providers, telcos, utilities and others, who are entering the market with packaged/bundled services, have further intensified competition in the market. This has made end-consumers as final beneficiaries, who are able to reap benefits of price competitiveness. However, with entry of large number of players across all levels of supply chain, the market has been witnessing a piling of too many solutions available to end consumers. Subsequently, proprietary platform based systems have outnumbered the open-platform systems which has made things complex for end-users.

Standing at the point of inflection, home automation market is estimated to see North America retain its position as the largest market. Revival of construction activities,especially on new residential buildings and renovations, is expected to support market growth in the region. Of all the applications of home automation systems, growing consumer preference for safety and security solutions is expected to result in ‘safety and security segment’ dominate market growth across all these regions. Energy management and HVAC automation systems too are expected to see a similar growth phase towards second half of the forecast period. Deployment of smart meters and need to curb household energy bills is further expected to drive the demand for such systems, especially in Europe and North America, which are at the forefront of smart meter installation.

Among networking platforms available, wireless systems are estimated to account for more than half the market share. Their revenue contribution is further expected to increase with the growth of alliances such as Zigbee, Z-Wave, and KNX. However, with the potential entry of Wi-Fi Direct and its possible adoption by Apple may disrupt expected market gains by other wireless technologies in the market. This is even expected to bring DIY type of automation solutions to the forefront of the home automation market, which till now was dominated by luxury systems, with mainstream systems and managed automation services showing promising growth signs. Amidst growing popularity of wireless technologies, power-line and fixed-wire home automation systems are forecast to see decline in market share.

Some of the key market players include Crestron Electronics, Inc., ADT Corporation, AMX LLC, and Control4 Corporation; accounting for more than 35% of the market share. A large part of the market is catered by players specializing in specific applications and those with generalized solutions. Other key participants include Lutron Electronics Company, Inc., ABB Ltd., Nortek, Inc., Vantage Controls, Schneider Electric SA, SoftAtHome, LivingTech, among others.

The report analyzes the global home automation market in terms of revenue (USD million). The market has been segmented as follows:

Home Automation Market, By Application: 

•     Entertainment (home A/V)
•     Lighting
•     Safety and Security
•     HVAC
•     Energy Management
•     Others (home robotics and home healthcare)

Home Automation Market, By Networking Technology: 

•     Wired
•     Power-line
•     Computing Networks
•     Wireless

Home Automation Market, By Type (mode of entry): 

•     Luxury
•     DIY (Do-it-yourself)
•     Mainstream
•     Managed Services

Home Automation Market, By Geography:

• North America
• U.S.
• Canada
• Mexico

• Europe
• Germany
• UK
• France
• Italy
• Scandinavia
• Rest of Europe

• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Taiwan
• Rest of Asia Pacific

• Rest of World (RoW)
• South America
• Middle East
• Africa

Browse the full report with complete TOC at http://www.transparencymarketresearch.com/home-automation-market.html

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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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Wearable Medical Devices Market: An Overview of Growth Factors and Future Prospects 2013-2019

Wearable Medical Devices was valued at USD 2.0 billion in 2012 and is expected to reach a value of USD 5.8 billion in 2019, growing at a CAGR of 16.4% from 2013 to 2019.

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Wearable medical devices defined in the strictest sense are devices with sensors attached to the body that detect and monitor changes in body signatures of various areas and organs. This report focuses on the various segments of wearable devices currently available in the market and also predicts the introduction of several innovative devices in the future.Healthcare segment forms a major part of the wearable technology market since the innovation of several applications in this area in the last two decades. The meek wrist watch that was used to monitor only heart rate in the last decade has today been transformed into a powerful gadget that can today store vast quantities of data on patient information such as SPO2, heart rate, temperature, blood pressure and water content in the body among several other intelligent diagnostic parameters. Smart phones have made an extremely impressive expansion in terms of applications and can now perform actual diagnostic tests such as the Apple iPhone Glucose test.

The market is highly dynamic and trendy in nature with a heavy importance given to aesthetics and ergonomics of devices. Over 65% of technologies are wrist held devices shaped like watches and the rest include wearability on other areas of the body such as arms, torso and waist. Along with the aesthetics several other features for durability of the device are included such as to make them waterproof and weatherproof. The latest in developments in telecommunication, wireless connectivity and user interface has been applied to these devices to make them more user friendly and keep them easy to interpret even by normal people in order to map their improvement in performance.

In 2013, Google Inc. introduced the Google Glass, a wearable eyewear that is highly dynamic and has varied applications throughout all industries. The success of the device at a consumer level is yet to be decided, but the technology has proven to be a boon to hospitals and the medical community for telemedicine and teleradiology. Philips has already launched an ambitious project to equip hospitals with the tech along with its proprietary hospital apps and devices in order to gain a better coverage and increase use of its devices. The device can connect into Philips Intellivue Solutions to quickly transfer crucial information of patient vital signs into the glass where it can be stored inside a 16 GB drive for multiple use, transfer it to another doctor, share it over several continents with a specialized medical expert.

The market is expected to remain in strong growth phase as purchase power expands for people in emerging countries ofAsia-Pacific and Rest of the World. North America remains in lead for 2012 with a market share of 44%. In terms of competition, the market is highly fragmented and there is no clear leader in terms of revenue considering the whole market. Some of the major market players in the global medical sensors market include Nike, Fitbit, Jawbone, Phyode, Basis Science, Corventis, LifeWatch, Intelesens, Philips, Omron, Zephyr Technology Corporation, Polar Electro, Withings, Sotera Wireless and many more companies each with their own innovative technologies. All in all, this report mentions over 100 companies with a brief emphasis on their technologies.

The global wearable medical devices market is categorized into the following segments:

Wearable Medical Devices Market, by Product Types

• Wearable TherapeuticMedical Devices
• Wearable DiagnosticMedical Devices

Wearable Diagnostic Medical Devices Market, by Product Types

• Vital Signs Monitors
• Fetal & Obstetric Devices
• Neuromonitoring Devices

Wearable Therapeutic Medical Devices Market, by Product Types

• Pain Management
• Glucose/Insulin Monitoring
• Respiratory Therapy Devices

Wearable Therapeutic Medical Devices Market, by Application

• Sports and Fitness
• Remote Patient Monitoring
• Home Healthcare

Wearable Medical Devices 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

Sheela AK

90 Sate Street, Suite 700

Albany, NY 12207

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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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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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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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About Us

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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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.

Browse Full Report PDF with TOC : Medical Transcription Services Market

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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About Us

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

Sheela AK

90 Sate Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

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