Double Chamber Prefilled Syringes Market stands at USD 1.94 billion In 2022 at a CAGR of 9.20%

Double Chamber Prefilled Syringes Market 2022

In 2022, the Double Chamber Prefilled Syringes Market stands at USD 1.94 billion, and it is expected to reach USD 1,595.70 million by 2029 at a CAGR of 9.20%. Increased sterility, safety, and accuracy of double chamber prefilled syringes are the key factors driving the growth of the market..

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Persistence Market Research (PMR), in its new offering, opines global double chamber prefilled syringes market to grow at a CAGR of 9% during the forecast period. Over the recent years, FDA has approved a large number of parenteral drugs for lyophilized products, which is boosting the requirement for parenteral drug delivery systems of higher efficiency.

This is among the major factors boosting the global demand for dual and multi-chamber prefilled syringes.

The efficacy of constituted drugs is majorly influenced by drug delivery systems. Owing to their limitations, traditional modes are likely to impact the overall drug delivery process, however, dual chamber syringe technology ensures highly efficient drug use through precise product constitution.

Comapnies Profiles

Pfizer Inc.
Biosciences, Inc.
Ypsomed AG
Otsuka America Pharmaceutical, Inc.
Credence MedSystems, Inc.
Vetter Pharma International GmbH
MAEDA INDUSTRY Co., Ltd.
AstraZeneca plc
AbbVie Inc.
Nipro Corporation
SCHOTT AG

Dual chamber syringes are specifically designed for the administration of highly sensitive drugs (protein, probiotics, etc.), as well as to maintain their desired shelf life. The actual active ingredient of the drug is lyophilized in one of the two chambers of the syringe, and the other chamber of the prefilled syringe contains a solvent that mixes with active substances immediately before their application.

According to PMR, the global double chamber prefilled syringes market is estimated to have accounted for approximately US$ 1.4 Bn in terms of value in 2018. High convenience associated with the usage of double chamber prefilled syringes is driving their adoption among end users, which is boosting the demand for double chamber prefilled syringes.

This is one of the leading factors that are significantly contributing to the growth of the double chamber prefilled syringes market. Moreover, double chamber prefilled syringes facilitate next-generation drug delivery technology and are more patient-centric as compared to traditional modes.

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The design of these prefilled syringes enable drug makers to expand their lyophilized and biological drug capabilities. Owing to the high efficiency and accuracy of delivering lyophilized and liquid formulations offered by double chamber prefilled syringes, they are emerging as among the potential drug delivery modes.

Among their various applications, liquid/lyophilisate-based double chamber prefilled syringes are expected to witness high clinical demand over conventional ones.

Moreover, the ongoing economic boom in countries such as India, China, Japan, and Indonesia has had a positive impact on the healthcare sector, which has contributed to the growth of the double chamber prefilled syringes market. As the percentage of aged population continues to grow in Japan, the prevalence of chronic diseases is also on the rise.

Over the next couple of years, the demand for pharmaceutical products is expected increase at a modest pace in Japan. This is driving the revenue generation of the double chamber prefilled syringes market in Asian countries. In addition, manufacturers are actively focusing on improving product efficiency and safety of use. In order to adhere to user safety laws, manufacturers are incorporating safety features in their products.

Although the number of marketed prefilled syringes with integrated safety features is currently low, an increasing number of manufacturers are likely to be interested in offering these products in the near future.

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This release was published on openPR.