Prefilled Syringes Market Poised To Register Healthy Expansion For Upcoming Years By Top Key Players Becton, Dickinson & Company, Medtronic plc., Gerresheimer AG, West Pharmaceutical Services, and Abbott Laboratories

A “prefilled syringe” is a syringe filled with a fixed quantity of a therapeutic drug. These are novel devices used for delivering drugs with improved accuracy, affordability, efficacy, convenience, sterility, safety, and accessibility. These features make it more advantageous than traditional methods of drug delivery where glass or metal vials were used to store pharmaceutical drugs. The removal of drug from these vials was prone to contamination and increased the possibility of dosing errors. Therefore, prefilled syringes eliminate the aforementioned drawbacks, resulting in increase in their demand.

Europe accounted for the highest market share in the industry in 2016, and is expected to maintain its dominance throughout the forecast period.

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The Global Prefilled Syringes Market was valued at $3,567 million in 2016, and is estimated to reach $7,212 million by 2023, registering a CAGR of 10.5% from 2017 to 2023.

Healthcare professionals use prefilled syringes to administer fixed single-dose of drugs to the patient. Prefilled syringes are used to package a variety of drugs and diluents, such as therapeutic proteins, vaccines, and insulin. Some of the advantages of using these syringes over traditional syringes are ease of administration, elimination of dosing errors, and reduced risk of contamination.

The major factors that drive the growth of prefilled syringes market are growth in home-based healthcare market, increase in adoption of injectable drugs, rise in incidence of chronic diseases that require frequent drug administration, benefits over syringe packaging systems, and surge in demand for point-of-care drug administration. However, the presence of alternative drug delivery means, the cost associated with the manufacturing of prefilled syringes, storage problem for these syringes, and stringent regulations set by government authorities impede the market growth. Moreover, technological advancements, new innovations, and meeting the unmet demand for these syringes are the key opportunities for the market growth in the near future.

Glass-based prefilled syringes accounted for the highest market share, in terms of both volume and revenue in 2016, owing to properties, such as robustness, transparency, tolerability, strength, chemical inertness, and non-reactive nature. However, plastic-based prefilled syringes are expected to register highest CAGR from 2017 to 2023 due to the recent development of polymer technology-based plastics used to manufacture prefilled syringes.

Single-chamber prefilled syringes are anticipated to be the highest contributor toward the market growth due to rise in adoption of self-administered parenteral drugs.

In 2016, Europe accounted for maximum contribution to the total revenue generated, owing to the market maturity, high prevalence rate of chronic diseases, presence of high disposable income, and high adoption rate of these products. However, Asia-Pacific is expected to witness the highest CAGR during the analysis period, attributable to rise in incidence rate of chronic disease, increase in demand for self-administered treatment, and rise in geriatric population.

The key players operating in the global prefilled syringes market include

- Becton
- Dickinson and Company
- Medtronic plc.
- Gerresheimer AG
- Terumo Medical Corporation
- West Pharmaceutical Services, Inc.
- Nipro Corporation
- Unilife Corporation
- Vetter Pharma International GmbH
- Baxter International, and Abbott Laboratories.

The other prominent players in the value chain include Ypsomed Holding AG, Haselmeier, Weigao Group, Owen Mumford, Bayer Healthcare, and Biocon.

LIST OF TABLES

TABLE 1. GLOBAL PREFILLED SYRINGES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 2. GLASS-BASED PREFILLED SYRINGES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 3. PLASTIC-BASED PREFILLED SYRINGES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 4. GLOBAL PREFILLED SYRINGES MARKET, BY DESIGN, 2016-2023 ($MILLION)
TABLE 5. SINGLE-CHAMBER PREFILLED SYRINGES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 6. DUAL-CHAMBER PREFILLED SYRINGES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 7. CUSTOMIZED PREFILLED SYRINGES, BY REGION, 2016-2023 ($MILLION)
TABLE 8. GLOBAL PREFILLED SYRINGES MARKET, BY THERAPEUTICS, 2016-2023 ($MILLION)
TABLE 9. PREFILLED SYRINGES MARKET FOR LARGE MOLECULES, BY REGION, 2016-2023 ($MILLION)
TABLE 10. PREFILLED SYRINGES MARKET FOR SMALL MOLECULES, BY REGION, 2016-2023 ($MILLION)
TABLE 11. GLOBAL PREFILLED SYRINGES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 12. PREFILLED SYRINGES MARKET FOR ANAPHYLAXIS, BY REGION, 2016-2023 ($MILLION)
TABLE 13. PREFILLED SYRINGES MARKET FOR RHEUMATOID ARTHRITIS, BY REGION, 2016-2023 ($MILLION)
TABLE 14. PREFILLED SYRINGES MARKET FOR DIABETES, BY REGION, 2016-2023 ($MILLION)
TABLE 15. PREFILLED SYRINGES MARKET FOR OTHER APPLICATION, BY REGION, 2016-2023 ($MILLION)
TABLE 16. PREFILLED SYRINGES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 17. NORTH AMERICA PREFILLED SYRINGES MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 18. NORTH AMERICA PREFILLED SYRINGES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 19. NORTH AMERICA PREFILLED SYRINGES MARKET, BY DESIGN, 2016-2023 ($MILLION)
TABLE 20. NORTH AMERICA PREFILLED SYRINGES MARKET, BY THERAPEUTICS, 2016-2023 ($MILLION)
TABLE 21. NORTH AMERICA PREFILLED SYRINGES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 22. EUROPE PREFILLED SYRINGES MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 23. EUROPE PREFILLED SYRINGES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 24. EUROPE PREFILLED SYRINGES MARKET, BY DESIGN, 2016-2023 ($MILLION)
TABLE 25. EUROPE PREFILLED SYRINGES MARKET, BY THERAPEUTICS, 2016-2023 ($MILLION)
TABLE 26. EUROPE PREFILLED SYRINGES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 27. ASIA-PACIFIC PREFILLED SYRINGES MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 28. ASIA-PACIFIC PREFILLED SYRINGES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 29. ASIA-PACIFIC PREFILLED SYRINGES MARKET, BY DESIGN, 2016-2023 ($MILLION)
TABLE 30. ASIA-PACIFIC PREFILLED SYRINGES MARKET, BY THERAPEUTICS, 2016-2023 ($MILLION)
TABLE 31. ASIA-PACIFIC PREFILLED SYRINGES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 32. LAMEA PREFILLED SYRINGES MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 33. LAMEA PREFILLED SYRINGES MARKET, BY MATERIAL, 2016-2023 ($MILLION)
TABLE 34. LAMEA PREFILLED SYRINGES MARKET, BY DESIGN, 2016-2023 ($MILLION)
TABLE 35. LAMEA PREFILLED SYRINGES MARKET, BY THERAPEUTICS, 2016-2023 ($MILLION)
TABLE 36. LAMEA PREFILLED SYRINGES MARKET, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 37. BD: COMPANY SNAPSHOT
TABLE 38. BD: OPERATING SEGMENTS
TABLE 39. MEDTRONIC: COMPANY SNAPSHOT
TABLE 40. MEDTRONIC: OPERATING SEGMENTS
TABLE 41. GERRESHEIMER: COMPANY SNAPSHOT
TABLE 42. GERRESHEIMER: OPERATING SEGMENTS
TABLE 43. TERUMO: COMPANY SNAPSHOT
TABLE 44. TERUMO: OPERATING SEGMENTS
TABLE 45. WEST PHARMACEUTICAL SERVICES: COMPANY SNAPSHOT
TABLE 46. WEST PHARMACEUTICAL SERVICES: OPERATING SEGMENTS
TABLE 47. NIPRO: COMPANY SNAPSHOT
TABLE 48. NIPRO: OPERATING SEGMENTS
TABLE 49. UNILIFE: COMPANY SNAPSHOT
TABLE 50. UNILIFE: OPERATING SEGMENTS
TABLE 51. VETTER: COMPANY SNAPSHOT
TABLE 52. VETTER: OPERATING SEGMENTS
TABLE 53. BAXTER: COMPANY SNAPSHOT
TABLE 54. BAXTER: OPERATING SEGMENTS
TABLE 55. ABBOTT: COMPANY SNAPSHOT
TABLE 56. ABBOTT: OPERATING SEGMENTS

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