Prefilled Syringes Drug Molecules Market: Upcoming Trends and Future Outlook 2017-2027

Prefilled syringes are parenteral pharmaceutical preparations intended to administer in patients suffering from various acute and chronic ailments. Prefilled syringes offer numerous advantages over conventional parenteral administration such as convenience, accuracy, safety, and sterility. Prefilled syringes are now a days considered as preferred drug delivery devices for drug molecules, which require utmost care for accurate dose delivery and sterility of the preparations. Prefilled syringes offer several advantages over traditional parenteral packaging like ampoules and vials. A couple advantages are ease of use and elimination of several steps that are required before use of a drug in an ampule or vial. Prefilled syringes eliminates the dosing errors, drug wastage (No overfill) by supplying accurate dose. Prefilled syringes are one of the fastest growing choice for parenteral administration.

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Prefilled Syringes Drug Molecules Market: Drivers and Restraints

Global prefilled syringes drug molecules market is continue to witness positive growth owing to growing demand for self-injected parenteral preparations and rising investments by pharmaceutical and biotechnological companies in research and developmental of biologics and biosimilars, that would expected to fuel demand for prefilled syringes drug molecules over a period of forecast. The market for prefilled syringes drug molecules driven by both biologics & biosimilars, continuous improvement in prefilled syringes technologies & materials. Exiting developmental pipeline across multiple therapies, anti-counterfeiting measures, increasing regulatory approvals for biologics and orphan drugs will help to bolster growth of prefilled syringes drug molecules market over a forecast period. However, concern about leachables & extractables, delayed adoption in developing markets, rising needle stick injuries may hamper the growth of the prefilled syringes drug molecules market over a period of forecast.

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Prefilled Syringes Drug Molecules Market: Overview

Global prefilled syringes drug molecules market is highly competitive as the companies are recognizing the benefits of prefilled syringes. Market for prefilled syringes drug molecules is consistently witnessing development in the area of technological innovation in prefilled syringes to benefit pharmaceutical companies and patients it caters. Several multinational companies entering into long term partnership agreement with prefilled syringes manufacturers to ensure supply of syringes components. For instance, in 2013, Sanofi signed long-term supply contract with Unifill, a syringes supplier for the use of Unifill syringes with Lovenox. Under this contract sanofi purchasing 150 Mn Unifill syringes per year. The contract period can extend up to 2024.

Prefilled Syringes Drug Molecules Market: Region-wise Outlook

Geographically, prefilled syringes drug molecules market is segmented into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, Middle East and Africa. North America and Europe will remain key markets for prefilled syringes drug molecules market. Developed markets like North America and Europe is expected to witness robust growth owing to increasingly turning up to packing drugs into prefilled, single use syringes in the market. Moreover, key players like component suppliers, marketers are majorly focusing on developed markets. Asia Pacific is anticipated to register positive growth owing to rising prevalence of chronic diseases and several biological products patent expirations in the region.

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Prefilled Syringes Drug Molecules Market: Key Players

Some players in prefilled syringes drug molecules market include Fresenius Kabi AG, Pfizer Inc., Sanofi, Teva Pharmaceutical Industries Ltd, Mylan N.V., Merck & Co. Inc., Novo Nordisk A/S, Novartis AG to name a few.

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This release was published on openPR.