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Prefilled Syringes Market Supply Demand Analysis in Europe by Top Key Player Forecast to 2023

08-23-2019 05:24 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Prefilled Syringes Market Supply Demand Analysis in Europe

The global prefilled syringes market accounted for $4.7 billion revenue in 2017 and is projected to witness tremendous growth at a CAGR of 8.3% during the forecast period (2018–2023). The factors driving the growth of the market are expanding biopharmaceutical industry, increasing demand for injectable pharmaceutical products, advancements in technology, and upgraded combination therapy applications. A prefilled syringe is a single-dose, disposable syringe, containing parental drugs filled by manufacturers.

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The prefilled syringes market has been segmented by material, design, application, and region. Specifically talking about the material segment, the market is further classified into plastic and glass, wherein the plastic syringe type is estimated to generate $3.6 billion revenue for the market by 2023, registering a CAGR of 9.0% during the forecast period. The reason for this would be the introduction of advanced polymers, such as crystal-clear and polypropylene polymers, which are biocompatible with other components of the syringes. This, in turn, is expected to increase the demand for plastic syringes.

Explore Report Description with Detailed TOC on Global Prefilled Syringes Market at: https://www.psmarketresearch.com/market-analysis/prefilled-syringes-market

These help in improving patient safety and minimizing the risk of infections. Furthermore, the usage of prefilled syringes also lessens the chances of drug wastage as these deliver exactly the dose needed by patients. Moreover, drug administration with a prefilled syringe is quite easy because it eliminates various preparation steps associated with a vial. The biggest advantage of such syringes is perhaps that these can be used by patients themselves, eliminating the need for a medically-qualified person. Prefilled syringes are free of preservatives and reduce the danger of needlestick injuries as well.

Thus, all these advantages are predicted to further boost the growth of the prefilled syringes market during the forecast period.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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