Growth opportunities in the Prefilled Syringes Market look promising over the next six years. This is mainly due to the continuous prudent initiatives by the key market players and the disadvantages offered by the traditional processes.
Prefilled Syringes Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The major driver influencing the growth of the global prefilled syringes market is the enormous advantages imparted by them in the pharmaceutical industry, such as eliminating dosing fallacies and ease of employment. Also, the drawbacks of conventional processes have stimulated market growth. Moreover, the ongoing strategic measures by the leading initiatives, which include the introduction of new products in the market, will further strengthen the prefilled syringes market size. For example, BD, in 2019, officially declared the initiation of the pre-fillable syringe to deliver a patient-centric solution, known as nine BD Intevia, with autoinjector attributes.
In addition, the augmentation in the home-based healthcare market is another prime factor contributing to the market growth. The widespread outbreak of the coronavirus pandemic has positively influenced the market. This is because major players like J&J experienced immense demand for home healthcare products including, prefilled syringes, which presents enormous growth potential of the market. Enormous pharmaceutical companies overfill vials by up to 24% to make sure the end-user can reprocess the dose required. Nevertheless, this overfill can be annihilated with prefilled syringes. With the evolution of new drugs, this method has become more manageable as it consumes less time which is further supplementing the market share. However, product withdrawal led by the existence of impurities or leakages in the syringes will hinder the market growth. BD, in 2020 recalled the PosiFlush SF saline syringe due to holes in the packaging.
Regional Drivers
Based on the regional coverage, Europe is projected to lead the market over the forecast period. This is primarily attributed to the robust existence of major players in the market, including J&J, BD, Gerresheimer AG, and Owen Mumford Ltd., that have helped in the expansion of the market size in the region. In addition, the incidences of chronic diseases will further supplement the market growth. As per the “European Chronic Disease Alliance,” one-third of the European population and 23.5% of the working-age population in the EU lives with chronic disease. Europe has the highest burden of chronic diseases, which accounts for 86% of all deaths and is a prominent reason for morbidity and disability, which has bolstered the market growth.
Prefilled Syringes Market’s leading Manufacturers:
- Haselmeier
- Stevanato Group
- Gerresheimer AG
- Owen Mumford Ltd. etc.
- J&J
- HONJO-NISHI KITA-KU OSAKA
- SCHOTT
- Medtronic
- BD
Prefilled Syringes Market Segmentation:
Segmentation by Type
- Glass Based
- Oil Siliconised Syringes
- Baked on Silence Syringes
- Plastic Based
Segmentation by Chamber
- Single
- Dual
Segmentation by Application
- Diabetes
- Cancer
- Arthritis
- Anaphylaxis
- Ophthalmology
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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