Global Pre Filled Syringes Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

A “prefilled syringe” is the single & fixed quantity of the dosage. Prefilled syringes are the novel devices which are used to deliver drugs with the improved convenience, affordability, efficacy, safety, accuracy, accessibility and sterility. These are the features of the pre filled syringes to make more advantageous than the traditional ways of the drug delivery. Constant rise in availability and development of the parenteral drugs which has resulted in rise in the demand for the several advancements in the drug delivery devices which promises the cost containment as well as ease of the administration

The demand for the prefilled syringes is rising rapidly from the past several years. Growing the number of healthcare facilities which are adopting prefilled injection format for the delivery of the drugs. Usage of prefilled syringes is not only limited to the healthcare settings but also self-injecting patients are also preferring the usage of prefilled syringes which is safe and easy method of administering a drug at home. Increase in adaptation of injectable, increase in the incidence & the prevalence of chronic diseases, high end advantages of using prefilled syringes over conventional injections, and advancements in technology are the main factors boosting the prefilled syringes market growth. However, owing to the stringent government regulations, availability of alternate drug delivery systems and frequent product recalls are the factors which are hindering the growth of prefilled syringes market globally.

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The global prefilled syringes market has been segmented based on material, design, drug class, application, and geography

Based on material, the global prefilled syringes market is segmented as:
• Glass
• Plastic

Based on design, the global prefilled syringes market is segmented as:
• Single Chamber
• Dual Chamber
• Customized

Based on drug class, the global prefilled syringes market is segmented as:
• Biologics
• Biosimilars
• Vaccines
• Others ( Anticoagulants, Antirheumatics)

Based on the application, the global prefilled syringes market is segmented as:
• Rheumatoid Arthritis
• Anaphylaxis
• Diabetes
• Others ( Cancer, Multiple Sclerosis)

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Prefilled syringes are procuring the acceptance in market as a drug delivery systems which is designed for the injectable drugs. Prefilled syringes are generally preferred to the parenteral administration of the drugs and can be used mainly in treating chronic diseases where patients have to self-administer their medication, many times a week. Self-injecting devices consist of precise volumes of dose and already reconstituted drugs, which are helping in the elimination of the errors concerning dosage volumes and wastage of the drugs. Coping with the trend, most of the pharma companies are focusing to bring advancements in the therapies of self-administration. For example, EpiPen auto-injector and in the same way in July 2016, Bristol-Myers Squibb launched ORENCIA Clickject auto-injector commercially.

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Based on the geographical regions, the global Prefilled syringes market is segmented into five key regions, Asia-Pacific, Europe, North America, Latin America and Middle East & Africa Europe is the leading market for the prefilled syringes in terms of both volume and revenue. Asia pacific region is expected to show significant growth. Though the prefilled syringes market is in infant stage in APAC, factors like rising economic conditions, increase in purchasing power of people, rise in growth of awareness about the advantages of prefilled syringes, and the presence of large patients suffering with various chronic diseases are anticipated to drive the market. Japan accounts the major share of market in the Asia-Pacific market can be attributed to the increase in demand for self-administered treatments and high penetration of self-injection devices, rise in aging population, and increase in the prevalence of diabetes.

Some of the players in the global prefilled syringes market include SCHOTT AG (Germany), Gerresheimer (Germany), Medtronic (U.S.), Unilife Corporation (U.S.), Baxter International, Becton Dickinson & Co. (U.S.), Terumo Corporation (Japan), Stevanato Group (Italy), Vetter International (Ireland), and West Pharmaceuticals(U.S.)

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