Global Prefilled Syringes Market, Analysis & Forecast, 2017-2021 (Focus on Type, Design, Material both (Value & Volume) and Patent Landscape)

Prefilled syringes are increasingly witnessed as a primary choice for most of the high-end injectable drugs due to various advantages they offer over traditional packaging systems. A prefilled syringe is a single dose primary sterile container and delivery system that is filled aseptically with an injectable drug and sold for parenteral administration of drugs to patients. Anticoagulants, antivirals, anaphylaxis, hematopoietic, monoclonal antibodies and vaccines are the most commonly used therapeutic categories in the prefilled syringe format. Nowadays, with the help of prefilled syringes, pharmaceutical companies are able to minimize the drug waste and increase product life span, while the patients are able to self-administer injectable drugs at their home instead of the hospitals.

Despite the high paced competition in the global prefilled syringes market, future prospective growth is expected to be driven by favorable factors such as accurate drug dosing, negligible overfill requirements, no preservatives required in the formulation, increased assurance of sterility, ease of use and handling, time saving in emergency situations, and reduced material cost, among others, which are some of the major advantages provided by prefilled syringes. As a result, prefilled syringes represent one of the fastest growing segments among the injectable drug delivery devices market.

The prefilled syringes market is growing exponentially worldwide due to the increase in prevalence of chronic diseases, growing demand and higher production of large molecule biologics and biosimilars, high penetration rate of self-injection devices and continuous advancement in prefilled syringes with the inclusion of autonomous inbuilt safety mechanisms. The global prefilled syringes market has been segmented into four major regions namely, North America, Europe, Asia-Pacific and Rest of the World (RoW).The European and North American markets are dominant in terms of market share, which is attributed to the presence of leading prefilled syringes and biological drug manufacturing players in both the regions.

Syringe manufacturers provide prefillable syringes in pre-sterilized or bulk forms to drug manufacturers for filling of various categories of injectable drugs including anticoagulants, vaccines, antivirals, hematopoietics, monoclonal antibodies and some other emergency drugs. The global market for prefilled syringes is expected to grow at a CAGR of 10.75% from 2017 to 2021, to reach a value of $XX million in 2021. In terms of volume, the market for prefilled syringes is anticipated to reach 8320.6 million units in 2021, growing at a CAGR of 12.31% during the forecast period 2017 to 2021.

Europe dominated the global market in 2016 with a share of XX%. Its market size by volume was estimated to be XX million units in 2016 and is projected to reach XX million units by 2021, registering a CAGR of XX% between 2017 and 2021. However, the Asia Pacific is estimated to show highest growth with a CAGR of XX% from 2017 to 2021.

The global glass prefilled syringe market value is accounted to be $XX million in 2016 and is projected to reach $XX million   by 2021, registering a CAGR of XX % between 2017 and 2021.

The increasing demand for safety plastic prefilled syringes due to its convenience and cost effectiveness have obligated companies to focus on new product developments and innovations. The most prominent opportunity for the industry players is market penetration in emerging markets such as Japan, China, Australia and India. Currently, the market is dominated by Europe due to the presence of established prefilled syringe and biological drug manufacturers based in Europe. However, stringent regulatory standards regarding combination products and high manufacturing cost of prefilled syringes are hampering the growth of the market. Market penetration, establishment and outreach of major key players in the emerging markets, and increasing biologics and bio-similar in the market will serve as viable opportunities for the market players to enhance their business in the future.

The key players are Gerresheimer AG, Schott AG, Stevanato Group, Baxter International, Inc., Unilife Corporation, Terumo Corporation, West Pharmaceuticals, Inc., Vetter pharmaceuticals and Becton Dickinson and Co, among others.

We understand that your business need specific answers pertaining to the market. And , therefore, we do provide customised research tailored to your need.

With the purchase of this report, you are entitled to certain degree of free customisation within the scope of the study.

Do get in touch to help us understand how we can serve u better with a custom solution to your research needs. We assure quick turnaround for your pressing business requirements.

Contact Information

Name *

Email *

 

Company Name *

Designation

 

 

Contact No. *

Please Currect your contact Number

Other Details

 

 

Refresh Captcha
Write the characters in the image above

 

 

* Required Fields