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WORLDWIDE PREFILLED SYRINGE MARKET PROJECTED TO GROW AT A CAGR OF 10.08% FROM 2019 TO 2024 – AXIOM MRC
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.Prefilled syringes are pharmaceutical product that is mostly used to deliver parenteral medications and It is a ready to use disposable syringes contains premeasured dosage. Moreover, it helps to increase dosing accuracy, convenience, safety, enhance patient quality of life and reduce patient time in the clinic. There are two types of prefilled syringe available which includes which include glass-based system and plastic based system and mainly used for treatment of chronic conditions requiring patients to self-administer medication
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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.
Global Prefilled Syringes Market – By Material
• Glass based prefilled syringes
• Polymer based prefilled syringes
Global Prefilled Syringes Market – By Application
• Monoclonal Antibodies
• Vaccines
• Others
Global Prefilled Syringes Market – By Distribution Channel
• Hospitals
• Ambulatory Surgical Centers
• Mail order pharmacies
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Axiom Market Research & Consulting™ (also known as Axiom MRC), is a full-service market research and data analytics firm, driven by a simple aim of providing key market intelligence to companies to assist them in taking informed business decisions pertaining to their marketing strategy, investments, new product launches, market competition, consumer or end users, social media trends etc.
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