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Prefilled Syringes Market 2019 Regional Landscape, Production, Sales & Consumption Status and Prospects 2019-2025

02-17-2020 05:25 PM CET | Health & Medicine

Press release from: Global Market Insight, Inc

Prefilled Syringes Market

Prefilled Syringes Market

Global prefilled syringes market size is estimated to surpass USD 9.7 billion in annual remunerations by 2025.Dual-chamber segment of prefilled syringes market is anticipated to witness around 12.5% CAGR throughout the analysis timeframe. For instance, recent innovations in prefilled syringes include bubble free drug dosage with accuracy and minimal drug wastage. Ease in administration, reduction in medicinal errors, easier self- use at home and increasing assurance of sterility are vital factors influencing prefilled syringes industry trends.
Plastic prefilled syringe products have gained substantial momentum over the years and the segment is expected to register more than 12% CAGR over the forecast period. Plastic syringes facilitate enhanced robustness against breakability along with improved ergonomics while delivering drugs.
There has been development of novel products like thermo elastic polymers which are typically as clear as glass but are light weight and less prone to breakage, along with being highly resistant to water transmissions that improve the drug shelf life. They are able to tolerate freeze drying and liquid nitrogen exposure, representing an innovative development in plastic syringes segment, which will provide considerable impetus to prefilled syringes market outlook.

Get a Sample Copy of this Report@ https://www.gminsights.com/request-sample/detail/1968

Rising cases of chronic diseases like diabetes and rheumatoid arthritis has magnified prefilled syringes market size tremendously, to facilitate precise drug dosage coupled with eliminating any complications during the transfer of drugs from the container to the syringe. The simplified usage of drugs coupled with accurate drug administration is steering the global healthcare sector towards adopting prefilled syringes, in conjunction with rapidly growing expenditure on health services in developed countries.

According to International Diabetes Foundation, over 425 million people are diagnosed with diabetes and by 2045 the number is estimated to grow to 629 million. The rising complexity in pharmaceutical drugs is pushing innovations in drug delivery mechanisms. Furthermore, to enhance safety and ease of administration for healthcare workers and patients, several companies are improving quality and developing new ways of reaching out to their customers.

A Japan based medical device company recently launched PLAJEX in December 2018, which was a polymer based pre-filled syringe product that is silicon oil-free and uses autoclave sterilization. Polymer used in syringes are hard to break and safer to use. Furthermore, PLAJEX reduces the risk of oxidation of biopharmaceuticals and eliminates aggregation. Innovative product enhancements by companies will certainly assist them in gaining competitive edge and will drive prefilled syringes industry forecast.

Revenues from the single chamber prefilled syringes segment reached over USD 4 billion in 2018. Single chamber vials prove to be extremely beneficial as these involve fair manufacturing process standards. Additionally, for users who have little practice with respect to the usage of prefilled syringes, single chamber vials provide easy, reliable and adequate solutions. These syringes also provide needle stick protection that aide doctors and patients in avoiding injuries.

Less drug wastage, optimized API usage and reduced material requirement are important characteristics of single chamber vials amplifying the global prefilled syringes market growth rate.
Prevalence of anaphylaxis disease globally is propelling the expenditure on necessary treatments and equipment. According to Asthma and Allergy Foundation of America, the life-threatening allergic reaction disease occurs in about one in fifty Americans. Prefilled syringes prove to be cost effective in the treatment of anaphylaxis as opposed to auto-injectors. Furthermore, these syringes eliminate negative drug reactions and improve clinical outcomes. The usage of prefilled syringes is extremely critical in the treatment of high frequency diseases like anaphylaxis, diabetes and rheumatoid arthritis thereby bolstering prefilled syringes industry share.

More Insightful Info: https://www.marketwatch.com/press-release/97-bn-by-2025-prefilled-syringes-market-size-set-for-massive-growth-2019-09-16

North America is witnessing rising prevalence of chronic diseases such as cancer and diabetes. Additionally, the region's strong healthcare facilities are driving innovations in prefilled syringes technology.
Report Content
Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Prefilled Syringes industry 3600 synopsis, 2014 - 2025
2.1.1. Business trends
2.1.2. Type trends
2.1.3. Design trends
2.1.4. Applications trends
2.1.5. Regional trends
Chapter 3. Prefilled Syringes Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Growing concerns regarding safety of injectables
3.3.1.2. Worldwide increase in incidences of diabetes and rheumatoid arthritis
3.3.1.3. Technological advancements in prefilled syringes in North America
3.3.1.4. Growing adoption of biosimilars in developed regions
3.3.2. Industry pitfalls & challenges
3.3.2.1. Complexities associated with prefilled syringes
3.4. Growth potential analysis
3.4.1. By type
3.4.2. By design
3.4.3. By applications
3.5. Porter's analysis
3.6. Competitive landscape, 2018
3.6.1. Strategy dashboard
3.7. PESTEL analysis

Browse Report Summary @ https://www.gminsights.com/industry-analysis/prefilled-syringes-market

According to a report by American Diabetes Association, over 1.5 million Americans are diagnosed with diabetes per year. In the year 2018 there were over 26.65 million registered cases of cancer in the U.S. Prepopulated syringes carry an important role in the treatment of critical disorders. Undoubtedly, rising cases of chronic illnesses is augmenting demand for high quality drug administration mechanisms, driving North America prefilled syringes market size.

Related Reports:
Multiparameter Patient Monitoring Market: https://www.marketwatch.com/press-release/multiparameter-patient-monitoring-market-will-secure-39-cagr-to-hit-11-billion-by-2025-2019-03-11

Electronic Health Record Market: https://www.marketwatch.com/press-release/electronic-health-records-market-is-evolving-with-high-growth-rate-by-2025-2019-07-18

Healthcare industry poses substantial requirement for precise, robust and effective solutions to facilitate diagnosis, where the use of syringes is extended to patients using them on their own outside hospitals without any help from doctors or nurses. Prefilled syringes have emerged as a leading choice for unit dose medication as the pharmaceutical industry seeks new and improved methods of drug delivery mechanisms.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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