Contact Lenses Market - Global Industry Analysis, Size, Share,Growth, Trends and Forecast, 2013 - 2019

Transparency Market Research is Published new Market Report “Contact Lens Market (Gas Permeable Contact Lens and Soft Contact Lens) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global Contact Lenses Market was valued at USD 6.81billion in 2012 and is estimated to reach a market worth USD13.47 billion in 2019 at a CAGR of 10.3% from 2013 to 2019.

Contact lens refers to a thin, curved lens or small prescription lens worn over the cornea covering the surface of the eye. These lenses are used for refractive error correction without affecting ocular health. Also, these lenses are used for cosmetic and novelty purpose. For instance, a colored contact lens renders change or enhances the hue of the eye. Also, costume lenses assist in creating some special effects similar to that of the big screen. Contact lenses are available in varied forms designed to meet different purposes and needs. Different shapes of lenses are used to correct different vision problems such as spherical lenses that are small all-around aid in correcting farsightedness and nearsightedness. Meanwhile, toric lenses that are heavy at the bottom are used to correct astigmatism. As per the research study published by Contact Lens Spectrum, around 125 million people wore contact lens globally and generated significant sales revenue worldwide.

With the evolution of different types of contact lenses, a large number of options are now available for the existing as well as new contact lens users. The soft contact lens provides several advantages over the conventional rigid gas permeable contact lens. These lenses are easy to adjust and are made up of soft and flexible plastics that allow oxygen to pass through the cornea. Soft contact lenses also render high comfort as compared to rigid gas permeable contact lenses. Owing to these factors, soft contact lenses are estimated to record highest growth rate during the forecast period. On the other hand rigid gas permeable lenses are durable, resistant to deposit buildup and are easy to handle. However, the demand for the same is declining due to increasing preference for various kinds of soft contact lenses such as daily disposable, extended wear and weekly replacement contact lenses. Daily disposable and extended wear soft contact lenses markets represent two of the largest markets of 2012. Manufacturers are now shifting their focus towards introduction of high comfort soft contact lenses instead of hard contact lenses. For Instance, Cooper Vision launched MyDay daily disposable contact lenses that render high oxygen permeability and help in improving the lens surface wettability.

The usage of various designs differs from the type of vision correction. Spherical, toric and multifocal contact lenses differ in their shapes and uses. These lenses are used for refractive error correction (myopia, hyperopia and astigmatism). As per the data published in International Agency for the Prevention of Blindness (IAPB), in 2010 it was estimated that around 123 million people suffered from significant vision impairment due to improper adoption of vision correction solutions. This has led to a rise in global economic cost due to lost productivity accounting for approximately USD 202 billion. These factors coupled with increasing adoption for cosmetic and aesthetic purposes are expected to influence the growth of the contact lens market. However, improper usage of the contact lens can lead to severe eye infections such as dry eyes and blindness, which are potential side effects of the contact lenses thatmay hamper the adoption of contact lenses.

Browse Contact Lens Market Report with Full TOC at http://www.transparencymarketresearch.com/contact-lens-market.html

Contact lenses render wide range of uses major being cosmetic, therapeutic, prosthetic, corrective lens and others. In addition, electroretinography lens and soft bandage contact lens are used in specialist centers and to promote epithelial healing processes respectively. Also, painted contact lenses, a type of cosmetic contact lens are sold commercially to change pupil shape or iris color and manufactured to correct refractive errors concurrently. Cosmetic, therapeutic accounted for the fastest growing segments. While, corrective contact lenses currently account for the largest market share owing to high preference and comfort levels. On the contrary high maintenance costs coupled with increased risk of vision problems due to the deposition of lipids or proteins and negligence of lens care might restrain the growth of the market.

At the regional level, North America and Europe were the largest markets in 2012 accounting for above 70% of the global contact lens market. This growth was attributed towards increasing patient population suffering fromophthalmic disorders (myopia, diabetic retinopathy and astigmatism).Asia-Pacific and Rest of the World (Row) regions are estimated to grow rapidly during the forecast period, owing to large population base, huge untapped potential, rise in disposable incomes and increased healthcare awareness. In addition substantial investments being made by the major market players in these regions will further boost the growth and uptake of contact lenses in these regions.

Global contact lens market is characterized by the presence of well-established as well as emerging players. The major companies competing in this market are Johnson & Johnson (ACUVUE brands), CIBA Vision (CIBA Vision Focus Dailies, CIBA Vision Freshlook), Essilor International (ContinuVu Concentric Design, Scone Standard) Cooper Vision (Biofinity Brands, Avira Brands) and others.

The Global Contact Lensmarket is segmented as follows:

Contact Lens Market, by Design

o    Contact Lens Market, by Characteristics

o    Spherical Contact Lens

o    Toric Contact Lens

o    Gas-Permeable Contact Lens

o    Soft Contact Lens

• Daily Disposable
• Weekly Replacement
• Monthly Replacement
• Extended Wear
• Annual Replacement
• Unplanned Replacement Schedule

Contact Lens Market, by Design

o    Spherical Contact Lens

o    Toric Contact Lens

o    Multifocal Contact Lens

o    Orthokeratology Contact Lens

Contact Lens Market, by Usage

o    Corrective Contact Lens

o    Therapeutic Contact Lens

o    Post-Operative Therapeutic Contact Lens

o    Cosmetic Contact Lens

o    Enhancement Tints

o    Opaque and Special Effect Contact Lens

o    Prosthetic Contact Lens

o    Computer Lens

o    D-Segment Contact Lens

o    Sports Lens

o    Custom-made Contact Lens

Contact Lens Market, by Geography

o    North America

o    Europe

o    Asia-Pacific

o    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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Biopreservation Market Expected to Reach USD 5.74 Billion Globally in 2019: Transparency Market Research

Transparency Market Research is Published new Market Report “Biopreservation Market (Product Types - Equipment, LIMS, and Media; Applications - Regenerative Medicine, Biobanking, and Drug Discovery) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,"theglobal biopreservation market was valued at USD 1.95billion in 2012 and is expected to reach a value of USD 5.74 billion in 2019, growing at a CAGR of 16.7% from 2013 to 2019.

Extensive undertaking of biomedical research for new drugs and therapies will be one of the major factors responsible for growth of the global biopreservation market. Use of stem cells, tissues, plasma and DNA in the research sector also requires adequate storage facilities to accommodate the growing number of samples, while also maintaining their stability. Increase in sample size will lead to rise in demand for equipment such as freezer, refrigerator, liquid nitrogen and consumables, along with media and laboratory information management systems (LIMS).In addition, increase in funding aimed at boosting the capacity for sample storage by the government as well as private institutions will expedite the introduction of new biopreservation facilities and hence will drive growth of the overall market. Other driving factors include rising incidences of cardiovascular, orthopedic, oncological, autoimmune and infectious diseases, rising population awarenessand increase in the number of individual sample contributions.

The global biopreservation market by product type was dominated by the equipment segment with a market share of approximately 82% in 2012,on account of thehigh cost and demand from biobanks and in-house preservation facilities of pharmaceutical and biotechnology companies. Increase in the sample size will also result in the need for capacity expansion and so will lead to increase in demand for biopreservation equipment. However, the global market for biopreservation consumables will be the fastest growing product segment. Factors such as increased research and transnational activities will have a high demand for biological samples, which would also increase the demand for media solutions. The home-brew media segment held the majority share of over 72%in the total market for biopreservation media in 2012.

The global biopreservation market by applications was dominated by the biobanking segment with a market share of approximately 72% in 2012 on account of thehigh demand and usage of equipment, media and LIMS in this segment. Establishment of new biobanks during the forecast period will be one of the major growth factors for the biobanking application segment.However, the global regenerative medicine market for biopreservation will be the fastest growing application segment. A factor such as high prevalence of chronic diseases such as diabetes, rheumatoid arthritis, cardiac disorders and tumors is driving the regenerative medicine market which will result in increased demand for biopreservation media and equipment.

Browse Biopreservation Market Report with Full TOC at http://www.transparencymarketresearch.com/biopreservation-market.html

North America dominated the biopreservation market in 2012 and is expected to maintain its position till 2019. However, the Asia-Pacific market is estimated to grow at a faster CAGR of 19.6% from 2013 to 2019, due to increase in biobanking and research activities in the region. The European market is expected to grow at a fairly higher rate than North America,on account of the constantly improving infrastructure, regulatory framework and new biobanking projects, especially in the Eastern European region.

Some of the key players in the global biopreservation market include Thermo Fisher Scientific 

Inc., VWR International LLC, BioLife Solutions Inc., BioCision LLC, Biomatrica Inc., Qiagen, LABVANTAGE Solutions Inc. and Panasonic Corporation.

The global biopreservation market is categorized into the following segments:

Biopreservation Market, by Product Type

Equipment

• Freezers
• Refrigerators
• Liquid Nitrogen Tanks
• Consumables

Laboratory Information Management Systems(LIMS)

Media

Biopreservation Market, by Application

• Regenerative Medicine
• Biobanking
• Drug Discovery

Biopreservation Market, by Geography

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

Related Blog : http://pharmaceuticalsnews.wordpress.com/

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.

Browse all Medical Devices Market Research Reports @ http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html

Orthopedic Devices Market is expected to grow at a CAGR of 4.9% from 2013 to 2019

Transparency Market Research is Published new Market Report “Orthopedic Devices Market (Hip, Knee, Spine, Shoulder, Elbow, Foot and Ankle, Craniomaxillofacial and Other Extremities) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global orthopedic devices market was valued at USD 29.2 billion in 2012 and is expected to grow at a CAGR of 4.9% from 2013 to 2019, to reach an estimated value of USD 41.2 billion in 2019.

Orthopedic devices are used to provide or restore stability by placing them within the body's skeleton. These help in correcting the problems associated with the bone and joints such as injuries or deformities. Insertion of these orthopedic devices such as joint implants, internal and external fixators involves surgical procedures which can be minimally invasive. Growing elderly population combined with the rise in risk for osteoporosis, osteoarthritis, injuries and obesity, contribute to the growth of this market particularly in emerging economies of the Middle East, and the Asian countries such as China and India.Furthermore, technological advancementssuch asbio-absorbableimplants coupled with increase in the success rate of these implants and fixators in the emerging market, will serve as an opportunity for investors to invest in.

The global market for orthopedic deviceshas been studied from the perspective of widely used various orthopedic devices and number of procedures for particular anatomical location.The report provides a detailed analysis of orthopedic devices for hip, knee, shoulder, elbow, foot and ankle, and other extremities. These are further segmented into joint implants, internal fixation devices and external fixation devices. The others extremities segment comprises the market for wrists, digits and hand. The market has also been estimated for spinal orthopedic devices which includes cervical and thoracolumbar spinal implants and the internal fixation devices. Moreover, orthopedic devices for craniomaxillofacial comprises only of internal fixation devices.

In 2012, knee orthopedic devices accounted for the largest share by revenue of the total orthopedic devices market. However, the product recalls caused dueto factors such as implant loosening, corrosion, wear, and manufacturing errors are expected to have a major impact on the overall marketrevenue. Thus, the U.S. and European markets are anticipated to see a decline in growth during the forecast period.The market for hip orthopedic productsaccounted for the second largest share in 2012. It is estimated that the global market for hip deviceswill grow at a CAGR of over 5.9% from 2013 to 2019, owing to its high incidence rate of hip fractures and demand for hip replacement procedures.

The report also provides market estimations for orthopedic consumables during the forecast period of 2013 to 2019. This market has been segmented as anchors and staples. Anchors form a major share of the total orthopedic consumables market contributing to around 80% of the market share in 2012. The overall orthopedic consumables market is expected to grow to reach a value of USD 457 million by 2019.

Geographically, North America dominatedthe global market for orthopedic devices in terms of revenue generation and is expected to maintain its position throughout the forecast period. The adoption of bio absorbable implants, growing elderly population and rise in incidences of osteoporosis, osteoarthritis, and obesity in the U.S., consequently leading to various types of fractures, is expected to contribute to the leadership of the North American market. Europe was the second largest regional market for orthopedic devicesin 2012, owing to the increased demand for drug eluting stents and infusion pumps. Asia-Pacific is expected to be the fastest growing region in the global orthopedic devices marketfrom 2013 to 2019.

The global hip and knee orthopedic devices market is dominated by major players including Depuy Synthes, Zimmer and Stryker, while the overall spinal devices market is dominated by Medtronic, Depuy, Styrker and NuVasive.

Browse Orthopedic Devices Market Report with Full TOC at http://www.transparencymarketresearch.com/orthopedic-devices-market.html

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Intravenous Access Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast ,2013 - 2019

Transparency Market Research is Published new Market Report “Intravenous Access Devices Market (Intravenous Needles, Intravenous Catheters and Intravenous Infusion Pumps) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,". In 2012, the global intravenous access devices market was valued at USD 27.2 billion and is expected to grow at a CAGR of 7.8% during the forecast period of 2013 to 2019 to reach a market value of USD 46.5 billion by 2019.

Browse the full report with complete TOC at http://www.transparencymarketresearch.com/intravenous-access-devices.html

Intravenous (IV) access devices are utilized extensively for the delivery of almost every class of drugs such as analgesics, antibiotics and antipyretics. The IV access devices include IV needles, IV catheters and IV infusion pumps. The market for IV access devices will increase tremendously at the growing rate of 7.8% during the forecast period 2013 to 2019 with the increasing incidences of various diseases such as cancer and tuberculosis (TB).Increasing geriatric population worldwide will also support the growth of this market because elderly people are highly susceptible to aforementioned diseases. In addition, shifting trend towards home healthcare will further propel the growth of infusion pumps and catheters market which will also support the overall growth of the market.

Likewise, increase in number of surgeries throughout the globe will also trigger the growth of this market since; surgeries will require these access devices for various purposes such as medication and anesthetic. For instance, in 2012around 51.4 surgeries were reported according to the Centers for Disease Control and Prevention (CDC) in the U.S. and this number is expected to increase owing to various reasons such as increase in number of accidents and lifestyle.Similarly, increase in number of vaccines will also augment the growth of this market since administration of majority of the vaccines will utilize intravenous needles.The market for intravenous catheters is expected to grow at the highest CAGR of 9% during the forecast period 2013 to 2019. This growth is attributed to its wide application areas such as it is utilized when infusion pump is implanted in the body. Similarly, price competitiveness of the catheters will also support the growth of this market tremendously.

The North American region accounted for the largest share by revenue for intravenous access devices in the year 2012 owing to large number of patient pool and geriatric population. However, Asia-Pacific is expected to show the highest growth rate of 9.4% from 2013 to 2019. This is attributed to rise in geriatric population, target diseases, increase in healthcare expenditure and improving healthcare infrastructure in the Asia-Pacific region. In addition, rise in disposable income due to economic development will also propel the growth of the market in the region since it will increase the purchasing power of individuals for various medical services such as surgeries.

The major players operating in the market include Hospira, Inc., Becton, Dickinson and Company, CareFusion Corporation, Baxter International, B. Braun Melsungen AG and Smiths Medical.

The global intravenous access devicesmarket has been segmented as below:

Intravenous Access Devices Market, by Product Types

• Intravenous Needles
• Intravenous Catheters
• Midline Peripheral Catheter
• Central Catheters
• Midline Peripheral Catheters
• Centrally Inserted Catheters
• Intravenous Infusion Pumps
• Intravenous Insulin infusion Pumps
• Parenteral Feeding Infusion Pumps
• Intravenous Patient Controlled Analgesia (PCA) Infusion Pumps
• Intravenous Syringe Infusion Pumps

Intravenous Access Devices Market, by Geography

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

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Breath Analyzers Market is Expected to Reach USD 4.5 Billion Globally in 2019: Transparency Market Research

Transparency Market Research is Published new Market Report “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.

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

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.

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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World Medical Transcription Services Market Will Climb Above 60.6 Million in 2019 : Transparency Market Research

Transparency Market Research is Published new Market Report “Medical Transcription Services Market (History and Physical Report, Discharge Summary, Operative Note or Report, Consultation Report and Others & MT Outsourcing and Offshoring) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", The global 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.

Browse the full report with complete TOC at http://www.transparencymarketresearch.com/medical-transcription-services.html

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.

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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Global Prefilled Syringes Market Will Reach USD 4.98 Billion By 2019 : Transparency Market Research

Transparency Market Research is Published new Market Report “Prefilled Syringes Market (Glass and Plastic) - Global Industry Analysis, Size, Volume, Share, Growth, Trends and Forecast, 2013 - 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.

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

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%) than Europe 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.

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
• By Revenue (USD Million)
• By Volume (Million units)
• Plastic Prefilled Syringes Market
• By Revenue (USD Million)
• By Volume (Million units)

Prefilled Syringes Market, by Geography

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

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