Zion Research has published a new report titled “Prefilled
Syringes Market (Glass-Based Prefilled Syringes and Plastic-Based Prefilled
Syringes) for Insulin, Vaccines, and Other Applications: Global Industry
Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to
the report, the global prefilled syringes
market was valued at around USD 3.50 billion in 2015 and is
expected to reach approximately USD 6.00 billion by 2021, growing at a CAGR of
around 9.5% between 2016 and 2021. The prefilled syringes volume market stood
at approximately 4.10 billion units in 2015 and is expected to reach around
6.70 billion units by 2021.
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Prefilled syringe are designed to administer various fluid
medications. Pre-filled syringes used in wide range of therapeutic
sectors, such as blood stimulants, vaccines, and therapeutic proteins.
Pre-filled syringes make injections easier and safer as well as with a
pre-filled syringe, a patient always receives the right dosage. The prefilled
syringes are available in different types such as single chambered syringes,
dual chambered syringes, and customized syringes.
Prefilled syringes play an important role in injects able
drug delivery devices market. The market is mainly driven by rapid growth in
the biologics market, and the increasing preference for self-administration
using prefilled syringes, pen injectors, and auto-injectors. Moreover,
prefilled syringes offer several benefits such as ease of administration,
accurate dosing, and reduced risk of contamination. There are several benefits
of prefilled syringes over traditional delivery systems: improved safety,
accurate dosing, ease of administration, and reduced risk of contamination.
These advantages form the basic foundation for the success of prefilled
syringes and are likely to continue driving the market during the forecast
period. However, the presence of alternative drug delivery means and the high
cost associated with the production of prefilled syringes may hamper the market
growth in the years to come. Nonetheless, technical advances in the sector are
expected to open up new growth avenues within the forecast period.
Glass-based prefilled syringes and plastic-based prefilled
syringes are key types in the prefilled syringes market. Glass-based prefilled
syringes accounted for the large chunk of market share in terms of revenue in
2015. This growth is mainly due to the glass being the preferred material due
to its favorable properties such as transparency, robustness, strength and chemical
inertness. However, plastic-based prefilled syringes is another key outlet and
are expected to be witness fastest growth on account of technological
advancement of polymer technology based plastics used to manufacture prefilled
syringes.
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On the basis of applications, the market can be segmented
into insulin, vaccines, and others. Vaccines and insulin collectively held the
largest market share in the prefilled syringes market due to increasing
prevalence of chronic diseases such as diabetes, which requires insulin
administration on a daily basis. Thus, insulin segment is expected to show
significant growth in the years to come.
Europe dominated the prefilled syringes market and is
expected to maintain its position as the leading regional market for prefilled
syringes in terms of revenue. This growth is attributed to the high rate of
prefilled syringes adoption in this region. Asia Pacific market for prefilled
syringes is expected to show robust growth at a CAGR of around 11 % within the
forecast period. Japan held the major share in the market by revenue as well as
volume in 2015. North America is also expected to show significant growth over
the next few years.
Some of the key players in the market such as Becton,
Dickinson & Company, Baxter International, Inc., Bespak, Unilife
Corporation, Stevanato Group, Nipro Corporation, Gerresheimer AG, Schott AG,
West Pharmaceutical Services, Inc., Vetter Pharma International GmbH and
others.
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TOC @ https://www.zionmarketresearch.com/report/prefilled-syringes-market
This report segments the global prefilled syringes market as
follows:
Global Prefilled Syringes Market: Type Segment Analysis
·
Glass-Based Prefilled
Syringes
·
Plastic-Based Prefilled
Syringes
Global Prefilled Syringes Market: Application Segment
Analysis
·
Insulin
·
Vaccines
·
Other
Global Prefilled Syringes Market: Regional Segment Analysis
·
North America
o
U.S.
·
Europe
o
Germany
o
France
o
UK
·
Asia Pacific
o
China
o
Japan
o
India
·
Latin America
o
Brazil
·
The Middle East and
Africa
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