Instantaneous healthcare backed by 5G to drive the Double Chamber Prefilled Syringes Market at a CAGR of 9.20%

Double Chamber Prefilled Syringes Market is one of the most rapidly growing sectors in the medical industry. The market is highly driven by the rising demand for injectable drugs, increasing prevalence of chronic diseases such as diabetes, cancer and cardiovascular ailments, and technological advancements in the design of prefilled syringes. In addition, government initiatives to provide healthcare access to underserved regions are expected to further boost market growth.

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.

The use of double chamber prefilled syringes reduces the hazards associated with drug reconstitution and incorrect dosage. With a strong emphasis on safety, double chamber prefilled syringes allow the drug to be injected to the desired depth without the need for supervision.

Apart from hospitals and clinics, the home-care segment is also emerging and is expected to drive demand for double chamber prefilled syringes. The increasing need for highly efficient parenteral drug delivery modes is the major factor driving the growth of the Double Chamber Prefilled Syringes Market. The Global Double Chamber Prefilled Syringes market is expected to have a CAGR of 9.20% from USD 1,946.40 Million in 2022 to USD 3,595.70 Million in 2029.

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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.

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.

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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.