Prefilled Syringes Market - What's New Trending For 2018 - 2024?

Usage of prefilled syringes in a wide array of therapeutics sectors, other than for conventional uses such as anticoagulants and vaccine dispensing has increased the demand for the market. The development of the medical industry has picked up at a rapid pace in the past few years, which has positively contributed to the expansion of the prefilled syringes market significantly. Moreover, the demand for convenient drug delivery methods has also given way to the development of the prefilled syringes market as the pharmaceutical industry pursues new and more effective methods for unit dose medication.
The market for Prefilled Syringes is anticipated to develop with a 10.20 CAGR percent approximately while earning revenues worth USD 8397.23 million in the forecast period. The market is also showing rising propensity for divergence from the traditional process of production as well as the materials that are used. The minimal drug wastage that is achieved through the usage of prefilled syringes has made it an attractive option for the pharmaceutical sector. The self-administration of medication by these syringes has raised the demand from user end as well thereby contributing to the overall market growth.
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The paradigm shift observed in the sectors of biologics and biosimilars is also found to be promoting the market’s growth significantly. Additionally, another factor that is causing market growth are the chronic diseases which persist for a long time and therefore necessitate the regular administration of drugs. The surge in chronic diseases such as diabetes will possibly enhance the development of the market for prefilled syringes as parenteral drug delivery is the second most preferred route of administration. The advantages of ease of use and elimination of dosing errors are among the most significant benefits of pre-filled syringes. The suitability for home use, greater dose precision and simplicity in design are adjudged to the factors that will radically boost the demand of the market in the forthcoming forecast period.
Segmental Analysis
The segmentation of the prefilled syringes market is carried out on the basis of type, material, design and end users. Based on type, the segmentation of the prefilled syringes market consists of safety prefilled syringes and conventional prefilled syringes. Conventional prefilled syringes accounted for the largest market share of about 68% of the share for the global prefilled syringes market in 2017. The segmentation of prefilled syringes based on material comprises of plastic prefilled syringes and glass prefilled syringes. Plastic syringes have garnered the most substantial growth rate due to its usage in many applications of pharmaceutical packaging. Additionally, glass prefilled syringes are moreover sub-segmented into baked on silicone and oil siliconized syringes. The design based segmentation of the prefilled syringes market is segmented into dual-chamber prefilled syringes, customized prefilled syringes, and single-chamber prefilled syringes. Dual-chamber prefilled syringes are expected to grow at a rate of CAGR of 10.31% during the forecast period. Single-chamber prefilled syringes are responsible for the largest market share of about 56% of the share for the global prefilled syringe market in 2017. The end-user segment of the prefilled syringes market consists of ambulatory surgical units, hospitals & clinics and others. Hospitals expected to grow at the fastest CAGR, due to increasing public and private hospitals.
Table of Content: Key Points
1 Report Prologue
2 Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Prefilled Syringes Market, By Product
7 Global Prefilled Syringes Market, By Type
8 Global Prefilled Syringes Market, By Application
9 Global Prefilled Syringes Market, By End User
10 Global Prefilled Syringes Market, By Region
11 Company Landscape
…Continued
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Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
Phone: +1 646 845 9312
Email: sales@marketresearchfuture.com

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