GlobalPrefilled Syringes Market was valued US$ XX Bn in 2019 and is expected toreach US$ XX Bn by 2027, at a CAGR of 11.3% during a forecast period.
Global Prefilled Syringes Market
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(The report study has analyzed revenue impact of COVID -19pandemic on the sales revenue of market leaders, market followers and marketdisrupters in the report and same is reflected in our analysis.)
Global Prefilled Syringes Market Definition
Pre- filled syringes have developed as one of thequickest-growing selections for unit dose medication as the pharmaceuticalindustry look for new and greater convenient drug delivery methods. Pre- filledsyringes make injections easier and safer for each doctors and patients. Therising the wide variety of product approvals by means of regulatory isaugmenting the global prefilled syringes market growth. The plastic prefilledsyringes segment is expected to grow at a CAGR of 12% for the duration of theforecast duration. Europe is presently leading the global market attributableto the developing demand for prefilled syringes in the region.
Global Prefilled Syringes Market Dynamics
The fast-paced development of characteristic-rich deviceswith underlying technological improvements allowing safer and handyself-injections is predicted to boost the market growth at some point of theforecast period. Prefilled syringes assist healthcare practitioners in savingtime and devices. Furthermore, they assist to reduce the manual anddevice-based measuring errors and wastage of active pharmaceutical ingredientswhilst shifting solutions from vials to syringe. The primary organizationsinside the field are trying to broaden advanced substances which aredisposable, recyclable, and appropriate for holding injectable drugs. Thisfactor is anticipated to enhance market growth inside the close to destiny.
Moreover, the growing the wide variety of product approvalsby means of regulatory is enhancing the global prefilled syringes marketgrowth. For example, in June 2019, Ipsen Biopharmaceuticals, Inc. introducedthat the U.S. FDA has authorized its new pre- filled syringe, Somatuline Depot(lanreotide). The syringe includes larger flanges which are designed to makethe administration of injections less difficult for healthcare companies.
There are several harmful diseases which encompass HepatitisB which can be spread via the use of unsafe syringes. According to the WorldHealth Organization, in 2017, Hepatitis B accounted for 21.7 million newinfections every year owing to harmful injections. Acceptance of prefilledsyringes can facilitate safety due to the presence of retractable needles thatget rid of the threat of needle-stick injuries.
On the opposite hand, the regulated production of plasticsyringes is hard the marketplace growth. The destructive consequences ofplastic products on the environment are also restraining the acceptance ofthese devices
Global Prefilled Syringes Market Segment analysis
Based at the Material, the plastic prefilled syringessegment is projected to grow at a CAGR of 12% for the duration of the forecastduration. Plastic prefilled syringes are anticipated to witness faster boomwithin the market throughout the forecast period. This may be attributed to theadvent of advanced polymers, consisting of polypropylene and crystal-cleanpolymer, as those are biocompatible with other components of the prefilledsyringes.
Single-chamber prefilled syringes in terms of design heldthe major share within the prefilled syringes marketplace in 2019, attributedto extensive availability and growing usage, across the globe. Thesingle-chamber segment accounted for greater than USD 3.5 billion in revenue in2018 and it is expected to see healthy growth over the forecast duration.Single chambered prepopulated syringes are sterile major drug container itssophisticated design facilitates drug delivery system. Besides, single-chamberprefilled syringes provide safety to patients and clinicians from needle stickinjuries in an effort to enhance the demand.
Additionally, simple storage and easy usage related with asingle chamber design will boom its preference over the forecast length, soproving useful for the marketplace growth. The diabetes class is anticipated tobe the quickest-growing utility place inside the prefilled syringes market forthe duration of the forecast duration, usually owing to the growing occurrenceof diabetes through the world.
Global Prefilled Syringes Market Regional analysis
Europe is predicted to lead the worldwide prefilled syringesmarketplace during the forecast period. Europe is presently leading the globalmarket attributable to the developing demand for prefilled syringes in theregion. Besides, the robust presence of important market players includingGerresheimer AG, Schott Group, and Owen Mumford Ltd. is anticipated to increasethe region’s growth. The European Board of Anaesthesiology recommends the useof prefilled syringes for anaesthesia. A growing variety of surgeries owing toseveral factors and earlier approval procedures through numerous regulatoryauthorities are the factors predicted to impel the Europe regional market.
For instance, Novartis, in September 2018, received FDAapproval for their Xolair (omalizumab) prefilled syringe. The Prefilled syringedrug is approved for allergic asthma and chronic idiopathic urticariaindications. Similarly, W. L. Gore & Associates, Inc. (“Gore) plans tocommercially launch the GORE ImproJect Plunger for Prefilled Syringes by 2018.
The Asia Pacific market is expected to develop at aworthwhile throughout the forecast period. Promptly developing economies, whichincludes India and China, and the obtainability of untapped growthopportunities, are the key factors fueling the region’s enlargement. Besides, ahuge affected patient populace and the developing occurrence of many chronicdiseases are anticipated to propel the sector growth in the region.
Recent industry developments
• In June 2019- Fresenius Kabi introduced neostigminemethylsulfate injection, USP Simplist prefilled syringe in the U.S. Expansionof product portfolio in new geographical area will enable company to capturemore market share and sustain in the industry competition.
• In 13 Aug 2019 – Regeneron has made chemistry,manufacturing, and controls prior-approval supplement for the Eylea injectionprefilled syringe that has been approved by the USFDA.
The objective of the report is to present a comprehensiveanalysis of the Global Prefilled Syringes Market including all the stakeholdersof the industry. The past and current status of the industry with forecastedmarket size and trends are presented in the report with the analysis ofcomplicated data in simple language. The report covers all the aspects of theindustry with a dedicated study of key players that includes market leaders,followers and new entrants. PORTER, SVOR, PESTEL analysis with the potentialimpact of micro-economic factors of the market has been presented in thereport. External as well as internal factors that are supposed to affect thebusiness positively or negatively have been analysed, which will give a clearfuturistic view of the industry to the decision-makers.
The report also helps in understanding Global PrefilledSyringes Market dynamics, structure by analysing the market segments andprojects the Global Prefilled Syringes Market size. Clear representation ofcompetitive analysis of key players by Application, price, financial position,Product portfolio, growth strategies, and regional presence in the GlobalPrefilled Syringes Market make the report investor’s guide.
Scope of the Global Prefilled Syringes Market: Inquirebefore buying
Global Prefilled Syringes Market, By Material
• Glass-based
• Plastic-based
Global Prefilled Syringes Market, By Design
• Single-chamber Prefilled Syringes
• Dual-chamber Prefilled Syringes
• Customized Prefilled Syringes
Global Prefilled Syringes Market, By Therapeutic
• Large Molecules
• Small Molecules
Global Prefilled Syringes Market, By Application
• Anaphylaxis
• Rheumatoid Arthritis
• Diabetes
• Others (Cancer, Multiple Sclerosis, and others)
Global Prefilled Syringes Market, By Regions
• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa (MEA)
Key Players operating the Global Prefilled Syringes Market
• Becton, Dickinson and Company
• Catalent, Inc.
• Gerresheimer
• Haselmeier
• MedPro Inc.
• Nipro Corporation
• Ompi
• Owen Mumford
• SCHOTT AG
• Terumo Medical Corporation
• Unilife Corporation
• Vetter Pharma International GmbH
• Weigao Group
• West Pharmaceutical Services, Inc.
• Ypsomed Holding AG
• Baxter International Inc
• Elcam Medical
• Oval Medical Technologies
• SHL Medical AG
• Cardinal Health
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