Top Leading players Prefilled Syringe Market -Catalent, Inc, BD, Gerresheimer AG, Wilhelm Haselmeier GmbH & Co. KG, MedPro Group, Medtronic, NIPRO, Stevanato Group, Owen Mumford Ltd

Axiom Market Research & Consulting™ added a report on global prefilled syringe market. The global prefilled syringe market is anticipated to grow at a CAGR of 10.08% for the forecast period 2019 to 2024. The global market is estimated and forecasted in terms of revenue (USD million) generated by the prefilled syringe market. The market was studied for various types of material used for manufacturing of the prefilled syringe such as glass prefilled syringe and plastic prefilled syringe.

Based on type, the global prefilled syringe market is categorized into disposable and reusable. By design, the prefilled syringe market is segmented into, single-chamber prefilled syringe, dual-chamber prefilled syringe and customized prefilled syringe. Additionally, on the basis of application, the prefilled syringe market is bifurcated into, anaphylaxis, rheumatoid arthritis, diabetes and others. Others include vaccines and other biotech Drugs. Moreover, the key regions considered for the study were North America, Europe, Asia-Pacific and Rest of the World.

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Technological advancement in medical field is driving the market

The global prefilled syringe market is driven by factors such as technological advancement, rising patient population coupled with increasing awareness about the benefits of prefilled syringe among patients and healthcare professionals. However, availability of alternatives at low cost and product recall are the prominent factors that may hinder the growth of the market during the projected period.

Plastic prefilled segment dominated the prefilled syringe market in 2017
Amongst materials, the plastic prefilled segment accounted the highest market share in 2017 and is estimated to grow rapidly as they are easy to handle and cost effective. Moreover, the plastic syringe is now made up of cyclic olefin copolymers and polymers have excellent transparency and good moisture barrier properties.

In 2017, reusable prefilled syringe held the largest share of prefilled syringe market by type

In 2017 The reusable prefilled syringe segment dominated the prefilled syringe market owing to its characteristics like cost effectiveness and reusability. Moreover, reusable prefilled syringe is more preferred by diabetic patients.

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Single-chamber prefilled syringe segment is projected to grow at highest CAGR during the forecast period

The single-chamber prefilled syringe is anticipated to grow at a higher CAGR during the forecast period owing to rising expectance for self-administered parental drugs and increasing prevalence of chronic diseases.

The leading players of the global prefilled syringe market are Catalent, Inc, BD, Gerresheimer AG, Wilhelm Haselmeier GmbH & Co. KG, MedPro Group, Medtronic, NIPRO, Stevanato Group, Owen Mumford Ltd, SHL Group, SCHOTT AG, Vetter Pharma International GmbH, Weigao group and West Pharmaceutical Services, Inc, among others.

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This release was published on openPR.