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Prefilled Syringes Market Opportunities With Top Venders Like BD, Medtronic, Gerresheimer, SCHOTT, Baxter International Inc., Terumo Medical Corporation, Catalent Pharma Solutions
Prefilled Syringes Market
Global prefilled syringes market is expected to rise from its initial estimated value of USD 4.85 billion IN 2018 to an estimated value of USD 10.55 billion by 2026, registering a CAGR of 10.2% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing Adoption of Self-Injection Devices
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Prefilled injecting devices are speedily developing in the medicine field; they are replacing conventional syringe-vial combinations because of certain associated advantages which include grown patient safety and convenience presented to healthcare physicians in dose preparation. Increasing style of self-injecting devices adopted for the management of chronic diseases, such as diabetes and rheumatoid arthritis.
According Centers for Disease Control., there were an estimated 72000 deaths due to Drug overdoses in 2017 a record number that reflects a rise of around 10 percent in 2017, almost more than half of these deaths could have been avoided with the availability of Prefilled Syringes for healthcare procedures. This significant number is expected to act as a driver to the market growth.
Few of the major competitors currently working in the Prefilled Syringes market are BD(US), Haselmeier AG (Germany), Gerresheimer AG(Germany) , SCHOTT AG (Germany), Weigao Group (China), Catalent, Inc (US)., Terumo Medical Corporation(US) ,Baxter (US), Medtronic (Ireland), West Pharmaceutical Services, Inc.(US) , Unilife Corporation (US), Stevanato Group(Italy) , Ompi (Switzerland), Vetter Pharma International GmbH, Intas Pharmaceuticals Ltd(India)., CHEMI S.p.A.( Italy), Health Biotech Limited.(India), Nipro (JAPAN), DätwylerSchweiz AG, Bayer AG (Switzerland), and MedPro Group.(USA) among others
Key Developments in the Market:
· In March 2018, MPH Health Care published a report at Wills Eye Conference, the report Prefilled anti-VEGF injection may reduce risk of endophthalmitis. This has changed global View towards prefilled syringes.
· In Feb 2018, L. Gore & Associates, Inc. Launched GORE™ ImproJect™ Plunger for Pre-Filled Syringes at PDA. W. L. Gore & Associates is a global materials science company dedicated to transforming industries and improving lives.
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Market Drivers
· High technology advancement in medicine and awareness about its impact on reduction of other disease is working as a maket driver .
· Now a days people are more keen towards Self-Injection devices due to their impact and ease of use.
· Recent research shows that use of Prefilled syringe can reduce other Chronic Diseases.
Market Restraints
· Accessibility of inexpensive alternatives prefilled syringe is expensive as compared to normal medicine this is working as market restraints.
Segmentation: Global Prefilled Syringes Market
· By Material
Glass prefilled syringes
Polymer based prefilled syringes
Plastic prefilled syringes
· By Design
Single-chamber prefilled syringes
Customized prefilled syringes
Dual-chamber prefilled syringes
· By Type
Conventional prefilled syringe
Safety prefilled syringes
· By Application
Monoclonal antibodies
Rheumatoid arthritis
Anaphylaxis
Cancer
Diabetes
Multiple sclerosis
Vaccines,
and others
· By Distribution Channel
Hospitals
Mail Order Pharmacies
Ambulatory Surgery Centers
· By Geography
o North America
US.
Canada
Mexico
o South America
Brazil
Argentina
Rest of South America
o Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
o Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Thailand
Malaysia
Indonesia
Philippines
Rest of Asia Pacific
o Middle East & Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East & Africa
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