Press release
Global Prefilled Syringes Market Growth Augmented By Rise In Prevalence Of Chronic Diseases With Key Companies : Becton Dickinson & Co., Gerresheimer, Medtronic, Baxter International, Schott Ag, West Pharmaceuticals, Vetter International
Prefilled-Syringes-Market
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The prefilled syringes market is expected to gain steady traction in the foreseeable future, with the success and growth of biologics, increased global vaccination, increased drug self-administration trend, technological advancements in the manufacture of PFS, and development of advanced PFS would further augment market growth. For instance, Safelia auto injector developed by Nemera in 2017 won the ‘Patient Centricity & Customization’ innovation award at Pharmapack. Safelia is an innovative auto injector for prefilled syringes, available in variable sizes, suitable for large volume and high viscosity delivery through thinner needles.
"Market Dynamics"
Minimum environment exposure, easy administration, better patient compliance and 100% bioavailability are the factors expected to drive the prefilled syringes market growth in the forecast period. According to the World Journal of Pharmacy and Pharmaceutical Sciences 2016, more than 3.5 billion prefilled syringes are produced and used annually by patients and healthcare providers for the treatment of broad spectrum of conditions. The technological innovations and developments of prefilled syringes are contributing to the market growth. For instance, Gerresheimer introduced metal-free Luer Lock Gx RTF Syringe in 2017, without tungsten to create perfect primary packaging material for the biotechnologically manufactured active ingredients that ideally exclude the possibility of contamination with metal. However, availability of alternative systems such as nanopatches, microneedles, connected delivery devices, limited shelf life and stability issues of the drugs are the factors restraining the market growth.
Prefilled syringes can be used to administer drugs in treatment of chronic diseases and can also be used for the vaccination purpose, catering to patients suffering from infectious diseases or certain epidemic diseases. Convenience and safety for both the patients and medical professionals offered through these devices are also a major cause leading to growth of the global prefilled syringes market. According to World Health Organization, approximately 2 million healthcare professionals suffer from infectious diseases as result of needle-stick injury. The retractable nature of these prefilled syringes helps to overcome this problem acting as an ideal device to reduce the occurrence of needle-stick injuries. Thus, all of these factors in integration creates highly lucrative growth opportunities for players in the global prefilled syringes market
"Competitive Analysis"
Key companies covered as a part of this study include Becton Dickinson & Co., Gerresheimer, Medtronic, Baxter International, SCHOTT AG, West Pharmaceuticals, Vetter International, Unilife Corporation, Stevanato Group and Terumo Corporation.
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Detailed Segmentation:
Global Prefilled Syringes Market, By Drug Type:
Biologics
Monoclonal Antibodies
Blood Products
Others
Vaccines
Conjugated Vaccines
Live Attenuated Vaccines
Recombinant vaccines
Others
Insulin
Others
Global Prefilled Syringes Market, By Material:
Glass
Plastic & Polymer
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